IRS Issues Adjusted Mileage Rates For Second Half of 2011

The IRS recently issued adjusted mileage rates for the second half of 2011 (effective 7-1-11) due to rising gas costs earlier in the year.

The new rates are as follows:

Business vehicle usage:  55.5¢ per mile
Medical vehicle usage:  23.5¢ per mile
Moving vehicle usage:  23.5¢ per mile

Driving for charity remained unchanged at 14¢ per mile.

-EAE