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12/19/2012 07:00:00 PM EST

New IRS Mileage Reimbursement Rate

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Taxation Articles on Martindale.com

The IRS has announced that, effective January 1, 2013, the “optional mileage rate“ which may be used to calculate the costs of business travel for tax deduction purposes will be 56.5 cents per mile, a one-cent increase over the 2012 rate. Read More...