Running The Numbers Blog

Tax Tips, Business News and Personal Observations are discussed by Mike Conroy, CPA from Boulder, Colorado.

New Mileage Rates for Business Use of Vehicle

Mike Conroy Saturday, August 06, 2011

The IRS has increased deductible mileage rates for business use of your vehicle to 55.5 cents per mile for the second half of 2011. As always, remember to keep an accurate log of business miles driven.

http://www.irs.gov/pub/irs-drop/a-11-40.pdf

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Certified Public Accountant and Professional Advisor of Boulder, Colorado