The IRS just released its standard mileage rates for 2013, which show slight increases from the current 2012 rates. These rates are made available so that employees, self-employed individuals, and other taxpayers can calculate their tax-deductible transportation costs for business, charitable, medical or moving purposes.
The 2013 standard mileage rates are set at 56.5 cents per mile for business transportation or travel, 24 cents per mile for medical care, and 14 cents per mile for charity purposes. The 2012 rates are 55.5 cents per mile for business transportation or travel, 23 cents per mile for medical care, and the rate for charity purposes stayed the same at 14 cents per mile.
The new rates will take effect on January 1, 2013.
To read the full, original article click on this link: IRS Increases Standard Mileage Rates for 2013 | Small Business Trends
