The IRS issued the 2013 optional standard mileage rates (Notice
2012-72) used to calculate the deductible costs of operating an
automobile for business, charitable, medical or moving purposes. In
lieu of using the optional standard rates, taxpayers have the
option of calculating the actual costs of using their vehicle.
Beginning on Jan. 1, 2013, the standard mileage rates for the
use of an automobile will be:
56.5 cents per mile for business miles driven (up from 55.5
cents, which was in effect for 2012),
24 cents per mile driven for medical or moving purposes (up
from 23 cents, which was in effect for 2012), and
14 cents per mile driven in service of charitable organizations
(no change from prior years).
The standard mileage rates are based on an annual study of the
costs of operating an automobile and are slightly higher than the
rates for 2012. Rev. Proc. 2010-51 provides additional details
regarding the use of standard mileage rates.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) accelerated the due date for filing Form W-2, Wage and Tax Statement and Form W-3, Transmittal of Wage and Tax Statements, and any returns or statements required by the IRS to report nonemployee compensation to January 31.
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