Mileage Rate Increase
Posted on Thursday, June 30, 2011
The IRS increased the standard mileage rate for business use from 51 cents per mile to 55 ½ cents per mile, effective July 1, 2011. The medical and moving rate was increased to 23 ½ cents per mile. The mileage rate for services to charitable organizations remains at 14 cents per mile.
Posted by: Carrie Minnich, CPA
Posted in Mission Minded Nonprofits
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