Wednesday, December 05, 2012

2013 IRS Standard Mileage Rates = up a penny from 2012

After the hustle and bustle of Christmas, a new year begins!  That means new 2013 standard mileage rates from the IRS as well.  If you travel for business or for medical reasons, heads up!  There's new rates you need to be aware of in the new year.

2013 standard mileage rate as of January 1, 2013 will be 56.5 cents per mile for business, 24 cents per mile for moving or medical reasons, and 14 cents per mile for miles driven in service to a charitable organization (this rate is static as it is determined by Congress and not the IRS).

The 2013 standard mileage rate for business is up one cent from 2012's rate.  Medical and moving rate is up a penny as well.

This info is good to know if you have not yet made FSA elections and need to plan for mileage reimbursement.

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