The IRS announced that the 2012 standard mileage rates will be as follows:

        -   55.5 cents per business mile

        -   23 cents per medical or moving mile

        -   14 cents per mile for service to a charitable organization

These rates apply when choosing to use the optional standard mileage method to calculate deductible vehicle expenses.  Click here to see the IRS new release.

Please contact us if you have any questions or would like to discuss this or other methods for deducting vehicle expenses further.