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Professional Tax Software News & Advice

2013 Standard Mileage Rates For 2013 Increase By A Penny

The IRS announced on November 21, 2012, the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. According to the IRS Notice 2012-72, optional standard mileage rates for use of a vehicle will go up by 1 cent per mile for 2013.