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Wednesday, July 6, 2011

Self-Employed and Entrepreneurs IRS Update

The IRS has increased the business and medical/moving mileage rates for the last half of 2011.
The mileage rates are now:
Business -
Jan 1 - June 30, 2011 - .51 cents
July 1 - Dec 31, 2011 - .55.5 cents
Medical/Moving
Jan 1- June 30, 2011 - .19 cents
July 1, Dec 31, 2011 - .23.5 cents

The charitable mileage rate remains at .14 cents per mile for all of 2011.
Further information can be found on the IRS Website >> www.irs.gov


http://chumly.com/n/a39c68

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