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IRS Increases Standard Mileage Rate, Starting July 1
Published on by CS3 Technology in Blog Posts

 

Because of rising fuel costs, the Internal Revenue Service increased the standard mileage rate for business use of an automobile and for medical and moving expenses. The new optional standard mileage rates will apply to expenses incurred on or after July 1, 2011. The business rate will go up to 55.5 cents per mile. JournalofAccountancy.com

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