IRS Announces Standard Mileage Rates for 2012

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The IRS has announced (IR-2011-116) the standard mileage rates for 2012:

  • 55.5 cents for business miles
  • 23 cents for medical and moving miles
  • 14 cents for charitable miles

While the rate for business miles is the same as the last half of 2011, the medical and moving rate has been reduced by 0.5 cents per mile.

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