New Mileage Rates for 2013

The IRS recently announced mileage rates to be used for travel in 2013.  The Business, Medical, and  Moving mileage rates increase one cent versus 2012.  Unfortunately, the rate to be used for Charitable travel is unchanged because updates in this area require Congressional action.  Remember to create and keep a detailed log of your applicable mileage for your qualified business, medical, moving and charitable driving.  Without this documentation, your qualified deduction could be disallowed.

2013 New Mileage Rates

Standard Mileage Rates

Mileage

2013 Rate/Mile

   
Business Travel

56.5¢

Medical/Moving

24.0¢

Charitable Work

14.0¢

 

Here are 2012 rates for your reference as well.

2012 Mileage Rates

Standard Mileage Rates

Mileage

2012 Rate/Mile

   
Business Travel

55.5¢

Medical/Moving

23.0¢

Charitable Work

14.0¢

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Phone: 919-463-7588
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