IRS ANNOUNCES 2012 MILEAGE RATES

January 10, 2012

IRS announces 2012 mileage rates (12-09-2011)

The IRS today announced optional standard mileage rates for 2012 (IR-2011-116):

55.5 cents for business miles

23 cents for medical and moving miles

14 cents for charitable miles

The rate for business miles is the same as the last half of 2011. The medical and moving rate has been reduced by 0.5 cents per mile.

California conforms to these amounts.