Standard Mileage Rates for 2013

November 21, 2012 by

The Internal Revenue Service today issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) 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

Read more at:

http://www.irs.gov/uac/2013-Standard-Mileage-Rates-Up-1-Cent-per-Mile-for-Business,-Medical-and-Moving

Filed Under: Tax News-Post Tagged With: , , , , , , , , , , ,

IRS Expedites Charity Applications and Urges Use of Existing Charities

November 6, 2012 by

As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service today announced an expedited review and approval process will be offered for organizations seeking tax-exempt status in order to provide relief for victims of Hurricane Sandy.  The IRS also continues to encourage people to use existing organizations currently working on immediate aid efforts.

Read more at:

http://www.irs.gov/uac/Newsroom/IRS-Expedites-Charity-Applications-and-Urges-Use-of-Existing-Charities

Filed Under: Tax News-Post
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