The standard mileage rates were recently updated and released by the IRS. The IRS issued the notice of the rates in both Revenue Procedure 2010-51 and Notice 2010-88 for 2011.
The standard mileage rates for 2011 will be:
Business use: 51 cents per mile
Charitable use: 14 cents per mile
Medical care: 19 cents per mile
For automobiles used for business purposes, the portion of the standard mileage rate treated as depreciation will be 22 cents per mile for 2011.
Just as a reminder the rates for 2010 were:
Business use: 50 cents per mile
Charitable use: 14 cents per mile
Medical care: 16.5 cents per mile
The standard mileage rates for 2011 will be:
Business use: 51 cents per mile
Charitable use: 14 cents per mile
Medical care: 19 cents per mile
For automobiles used for business purposes, the portion of the standard mileage rate treated as depreciation will be 22 cents per mile for 2011.
Just as a reminder the rates for 2010 were:
Business use: 50 cents per mile
Charitable use: 14 cents per mile
Medical care: 16.5 cents per mile
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