On Dec. 3, 2010, the IRS announced the standard mileage rates to be used in 2011 for use in calculating deductions for use of an automobile for business-related, charitable, medical or relocation-related purposes. The standard mileage rate for business use of a vehicle is also used in reimbursing employees for their use of personal vehicles for their employer’s business.
For more information from the IRS, see www.irs.gov/newsroom/article/0,,id=232017,00.html.
The rates listed in the chart below are effective Jan. 1, 2011.
Mileage Rates (in cents per mile)
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