The Internal Revenue Service has announced the standard mileage rates effective for the year 2013. The standard mileage rates for 2013 will be as follows:
- 56.5 cents per mile driven for business purposes
- 24 cents per mile driven for medical care or moving purposes
- 14 cents per mile driven while in the service of charitable organizations
Standard mileage rates can be utilized by taxpayers in lieu of actual expenses when claiming a deduction for car and truck expenses related to their business. The mileage can also be deducted as part of the medical expense deduction, the moving expense deduction, and the charitable donation deduction.