IRS Releases 2012 Optional Standard Mileage Rates

On December 12th, 2011, by Janie Evans

The IRS has released the 2012 optional standard mileage rates that employees, self-employed individuals, and other taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel trucks) for business, medical, moving and charitable purposes. The 2012 standard mileage rate remains at 55.5 cents per mile for business uses, is reduced to 23 cents per mile for medical and moving uses, and remains at 14 cents per mile for charitable uses.

2012 Mileage RateDeductible costs of operating automobilesIRS Mileage Ratemileage

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Janie Evans
Janie specializes in serving and facilitating the business, tax and estate planning needs of closely-held businesses and high net worth individuals. She uses a team approach and works closely with attorneys, financial advisors, insurance agents and actuaries. Janie has almost 20 years of combined experience in public and industry accounting, working in tax, accounting, audit, and consulting services in Ohio and Kentucky.