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