Daily Update - November 30, 2012 - IRS ISSUES NEW MILEAGE RATES FOR 2013

The Internal Revenue Service (IRS) this week issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating a vehicle for business, charitable, medical or moving purposes. 

Beginning Jan. 1, the standard mileage rate for using a car for business will be 56.5 cents per mile. The standard mileage rate for using a car in service of charitable organizations is 14 cents per mile. 

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
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An email newsletter of the
Georgia Association of Homes
and Services for Children
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Normer Adams, Editor

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