Standard Mileage Rates Increase for the Final Six Months of 2011

By Don Nowak

July 25, 2011

In June 2011, the Internal Revenue Service announced an increase in the optional standard mileage rates for 2011.  Normally the Internal Revenue Service updates the standard mileage rates annually.  To account for the recent increase in gasoline prices, the Internal Revenue Service decided to make a special adjustment to make the reimbursement rate more fair to taxpayers.  The business, medical, and moving standard mileage rates all increased by 4.5 cents.  The rate for charitable miles is set by statute and remains at 14 cents a mile.   The standard mileage rates for 2011 are summarized below:

Purpose Rates 1/1 through 6/30/11 Rates 7/1 through 12/31/11
Business 51 Cents per Mile 55.5 Cents per Mile
Medical/Moving 19 Cents per Mile 23.5 Cents per Mile
Charitable 14 Cents per Mile 14 Cents per Mile