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IRS Increases Auto Mileage Rates for Remainder of 2011

Aware that higher gas prices have had a major impact on both businesses and consumers, the IRS has increased auto mileage reimbursement rates.

Currently, the reimbursement rates are:

     Business - $0.51
     Medical and moving - $0.19
     Charitable - $0.14.

Effective July 1, 2011, the rates for the remainder of 2011 are:

     Business - $0.555
     Medical and moving - $0.235
     Charitable - $0.14
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