The IRS issued the 2013 standard mileage rates last week. Beginning on January 1, 2013, the standard mileage rates for the use of an automobile will be:
- 56.5 cents per mile for business miles
- 24 cents per mile for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
The mileage rate for business usage is up 1 cents from the 2012 rate. Taxpayers have the option of using the actual costs of operating their vehicle rather than using the standard mileage rates.