Every year the Internal Revenue Service adjusts the mileage deduction rate. The IRS set the rate for mileage deduction at 56.5 cents per mile for calendar year 2013. This is a one cent increase over 2012. Learn how to calculate the rate, what is allowed and how to record your mileage.
If you are seeking the mileage deduction rate for calendar year 2014, go to this article: Mileage Deduction Rate for 2014 . The Internal Revenue Service announced the mileage rate deduction for the calendar year 2013 […]