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Issue Date: Vol. 51, No. 1, January 2011, Posted On: 12/27/2010


IRS Announces 2011 Standard Mileage Rates


by Staff Reporter
Internal Revenue Service, IRS, standard mileage rates deductible costs, automobile expenses, vending machine operator, vending fleet, route fleet, vending route
WASHINGTON -- The Internal Revenue Service has issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning Jan. 1, 2011, the standard mileage rates for the use of a car, vans, pickup or panel trucks will be 51¢ a mile for business mileage; 19¢ per mile driven for medical or moving purposes; and 14¢ for every mile driven in service of charitable organizations.

As always, taxpayers have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.


Topic: Small Business News

Articles:
  • Increased Gas Tax Off Table As Lawmakers Scramble For Highway Funds
  • Proposed 12¢ Gas Tax Hike May Garner Bipartisan Support
  • House Votes To Make Small Business Tax Relief Permanent; H.R. 4457 Heads To Senate
  • Small Businesses Change Hands At Rapid Rate, Restaurants And Retail Leading the Way
  • Small Businesses Check Crystal Ball To Predict Prospects For 2014

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