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.
