The IRS Has Announced Its 2012 Standard Mileage Rates

By |2021-01-28T20:58:25+00:00December 17th, 2011|Blog|

The IRS has issued the new 2012 optional standard mileage rates used to calculate the deductible operating costs of an automobile used for business purposes.  The new rates are as follows: Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 55.5 [...]