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Tag: Automobile

IRS Announces 2012 Mileage Rates

Posted on December 9, 2011December 26, 2011 by Kelly

The IRS has issued the 2012 optional standard mileage rates used for deducting the costs of operating an automobile for business, charitable, medical or moving purposes. They are: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable…

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