2011 Mileage Reimbursement Rates and Additional information

On December 3, 2010, the Internal Revenue Service issued the 2011 optional standard mileage rates to calculate deductible costs of operating an automobile for business purposes. Beginning January 1, 2011 the standard mileage for the use of a car will be:• 51 cents per miles for business miles driven• 19 cents per miles driven for medical or moving purposes• 14 …