"NEWS NOTES"

From the office of Angle, Zaebst & Associates

2012 Standard Mileage Rates

The standard rate for business miles beginning January 1, 2012 remains at 55.5 cents per mile. The rate for medical and moving expenses decreased 1/2 cent to 23 cents per mile. The charitable mileage rate remains 14 cents per mile.

 

This rate is the maximum that can be deducted on your tax returns.  Please keep in mind that mileage reimbursement must be substantiated with a log or other form of documentation.  If you have questions about this or any other tax matters, please do not hesitate to call our office.

An archive of News Notes is now available on our web page.  Click on the Angle, Zaebst & Associates quick link (below) to go to our website, then click on the News Notes Archives link found on our homepage. 

Quick Links
Each entity or individual's situation is unique and should be analyzed based upon all of the laws and regulations that exist at the time of a decision. Although we try to send current and accurate information, laws change and can be complex. The information presented in this e-mail should not be construed as legal, tax or accounting advice. You should consult with Angle, Zaebst, & Associates CPA's or other professionals familiar with your particular situation for advice concerning specific tax or other matters before making any decision.