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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:
  • Gas Prices Drop Unexpectedly As Summer Driving Season Peaks
  • Fleet News: EPA and NHTSA Unveil Truck Standards Aimed At Reducing Fuel Consumption
  • New Book Offers Business Tips From Criminal Entrepreneurs: The Misfit Economy
  • Another Short-Term Fix Keeps Highway Trust Fund Afloat
  • U.S. C-Store Numbers Grow In 2014, Topping 150,000

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