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2013 Business Mileage Rate

The standard mileage rate for 2013 is now 56.5 cents per mile, this is up one cent from 2012. Miles driven for medical purposes and job-related moves is up to 24 cents per mile while the mileage driven for charity remains at 14 cents per mile.

It is very important to keep a mileage log for all mileage that you plan on writing off. This log will keep track of certain items such as the date of each trip, total round trip mileage, the destination, and the purpose of each trip.

Please consult your tax advisor on all the above information. Please “Like” us on Facebook for your chance to win gift certificates to great local restaurants, www.facebook.com/veseyandcompany.

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