Last week the IRS issued an increase in the standard mileage rates for 2013.
The new rates will be:
- 56.5 cents per mile for business miles driven (previously 55.5 cents)
- 24 cents per mile for medical or moving purposes (previously 23 cents)
- 14 cents per mile driven in service of a charitable organization (same as last year)
Make sure you keep good records or a log of your mileage for these purposes to take advantage of the new rates and safe travels!
