IRS Increases Mileage Reimbusement Rates

Effective 7/1/2011 through 12/31/2011 the IRS has announced an increase in the standard mileage reimbursement rate for business use as well as medical and moving use. The only rate that has not been changed is the rate applicable to mileage for charitable purposes.

  RATES
PURPOSE 1/1/11 – 6/30/11 7/1/11 – 12/31/11
Business $0.51 $0.555
Medical/Moving $0.19 $0.235
Charity $0.14 $0.14

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