IRS Increases Mileage Rate for 2nd Half of 2011
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New Rates Reflect Rising Gas Prices, Other Factors
The IRS just announced an increase in standard mileage rates for the last six months of 2011.
From July 1 - December 31, 2011, the new rates will be as follows:
- 55.5 cents for business miles driven
- 23.5 cents for miles driven for moving or medical purposes
- 14 cents for miles driven in service of charitable organizations
If you have any questions, please contact your HB&K tax professional.
To read the full announcement on the IRS website, click here.
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Hartmann, Blackmon & Kilgore P.C. is one of the Gulf Coast's leading CPA and business consulting firms, and is ranked by Business Alabama as one of the top-tier accounting firms in the state. The company was founded in 1990 as a certified public accounting practice, and has grown to include consulting services such as business valuation, litigation support and estate planning. HBK serves as a strategic partner to many of the leading businesses and municipalities throughout the Gulf Coast, as well as a variety of individuals and entrepreneurs.
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