Wednesday, November 21, 2012
THIS JUST IN!
As per IRS Notice 2012-72 - beginning on January 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
•56.5 cents per mile for business
•24 cents per mile for medical or moving
•14 cents per mile in in service of charitable organizations
A penny increase each for business miles and medical/moving miles. The 14 cents per mile for charitable miles is set by the idiots in Congress, and hasn’t been increased in a dog’s age.