Standard Mileage Rate Increase for 2011

The standard mileage rate for business miles has been increased to 55.5 cents a mile for July 1 to December 31. This is an increase from 51.0 cents a mile for January 1 thru June 30.

Medical/moving miles have been increased to 23.5 cents per mile from 19.0 cents and charitable miles driven are 14.0 cents per mile for the entire year.

Read more on the IRS website.

Related posts:

IRS Withholding Calculator
Home Office Deductions
Tax Tips for Job Hunters
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About Arden Lux Lane

My name is Arden Lux Lane and I run The QuickBooks Resource. I am also the owner of Lux Bookkeeping and have been using QuickBooks since 2001 and helping small businesses since 2006.

Lux BookkeepingBizarre as it may sound, I actually enjoy accounting and helping small business owners get the most out of QuickBooks.

Learn more about Arden Lux Lane.