IRS Announces Mileage Rates for 2012
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The IRS just released the following standard mileage rates for 2012: - 55.5 cents for business miles driven
- 23 cents for miles driven for moving or medical purposes
- 14 cents for miles driven in service of charitable organizations
While the other rates remain unchanged, please note that the rate for moving / medical purposes has decreased from that in effect at the end of 2011. If you have any questions, please contact your HB&K tax professional.
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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 human resources consulting, 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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