Last week, the IRS announced the new standard mileage rates for 2013. The reimbursement rate for business mileage increased 1 cent over 2012.
Effective Jan. 1, 2013, the standard mileage rates for the use of a car, van, pickup, or panel truck will be:
• 56.5 cents per mile for business miles driven
• 24 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations
Full information on these and other changes can be found on the Internal Revenue Service site.
For comprehensive information related to this and other key tax changes for next year, pre-order the 2013 Church and Clergy Tax Guide.
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