IRS Releases 2013 Standard Mileage Rates (IR-2012-95; Notice 2012-72),(Nov. 26, 2012)
November 26th, 2012

The IRS has released the 2013 optional standard mileage rates that employees, self-employed individuals, and other taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel trucks) for business, medical,  moving and charitable purposes.

The 2013 standard mileage rate is increased to 56.5 cents per mile for business uses and 24 cents per mile for medical and moving uses. It remains at 14 cents per mile for charitable uses. For purposes of computing the allowance under an FAVR plan,  the standard automobile cost may not exceed $28,100 ($29,900 for trucks and vans). The updated rates are effective for deductible  transportation expenses paid or incurred on or after January 1, 2013, and for mileage allowances or reimbursements paid  to,  or transportation expenses paid or incurred by, an employee or a charitable volunteer on or after January 1, 2013.