The IRS updated the Standard Mileage Rates for business, medical and moving miles driven after July 1, 2011 :
- 55 1/2 cents per mile for business miles driven
- 23 1/2 cents per mile driven for medical or moving purposes
Charitable miles remained unchanged at:
- 14 cents per mile driven in service of charitable organizations
Remember to keep a written record or log of the buisness, medical or charitable miles driven. You can get free logs here.
I also have clients who have writen their miles in their day planner.
It is also a good idea (from a non tax perspective as well) to get regular oil changes / servicing close to year end and keep the paperwork. It will show the date and odometer reading.
The User Friendly CPA 