What is current 2012 IRS standard mileage rate?
IRS mileage rate 2012
2012 IRS Mileage rate- Business
55.5 cents per mile
2012 IRS Mileage rate - Medical/Moving
23 cents per mile
2012 IRS Mileage rate- Charitable
14 cents per mile
What is current 2011 IRS standard mileage rate? (It was increased July 1, 2011).
IRS mileage rate 2011
(Jan to June)
IRS mileage rate 2011
(July to December)
2011 IRS Mileage rate- Business
51 cents per mile
55.5 cents per mile
2011 IRS Mileage rate - Medical/Moving
19 cents per mile
23.5 cents per mile
2011 IRS Mileage rate- Charitable
14 cents per mile
14 cents per mile
Why not just guess on your mileage deductions?
Our customers say no. When they recreated how far they drove with BizMile, they found that they were leaving money on the table; they had guessed low.
How far did you REALLY drive? Find out with BizMile. (Did we mention it was easy?)
What batch address import formats does BizMile support?
Outlook, Gmail, Yahoo, Apple Mail, Vcard and many other formats too.
How do I batch import a format that is not automatically supported?
Use a CSV format with ALL the following (They are case sensitive !) column headers (even if they are blank columns)
Company (this will map to the place name and it can be Fred Smith's name too),
Business Street (you can have just the address or you can have this: 101 Ness Drive, Beaumont, CA),
Business City (can be blank if city name as above),
Business State (MUST fill out state code for each such as CA or TX),
Business Postal Code (totally unnecessary but don't tell the P.O.),
Business Address (may be empty),
Business Country (also may be empty)
Are my records and data safe?
With BizMile your data is saved on state of the art servers behind encrypted SSLs in
the AWS Cloud using the same SAS70 Type II audit security and ISO 27001 Level 1 service provider status certification professional standards that Amazon uses for their own business.
Your data is autosaved as you work on it and backed up daily off site for additional protections.
Bizmile also gives YOU backup control. Each time you print, you get an archival report
in standard PDF format that you may save with your digital tax archive or print out to
store with your paper tax files.
What is current mileage rate for 2009 and 2010 tax years?
IRS mileage
rate 2009
IRS mileage
rate 2010
IRS Mileage - Business
55
50
IRS Mileage - Medical/Moving
24
16.5
IRS Mileage - Charitable
14
14
Which trips are deductible?
IRS mileage may be deducted for trips made for business purposes. Talk to your tax professional
about the details but generally speaking, the commute from your work to a business meeting
or a related errand is deductible. It also may be deductible from your home to work, if you
have a home office. See IRS publication 463 for more information.
Is your commute deductible?
No. Nada and pretty much never. Even if you work out of your home as a consultant or
as one of the heroic self-employed, the commute from your bedroom to your living room
is still NOT deductible.
But talk to your tax pro; they are the experts at helping you pay only the taxes that you owe. As Judge Learned Hand famously quoted:
"Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and
poor alike and all do right, for nobody owes any public duty
to pay more than the law demands."
What travel expenses are deductible?
If you deduct travel, entertainment, gift, or transportation expenses, you must be able to prove
certain elements of the expense. For more detailed information see IRS publication 463 below.
What are adequate records?
A daily record of some kind such as an account book, diary,
or similar record is required
as well as its documentary evidence such as receipts, canceled checks, or bills.
Exceptions: Documentary evidence is not needed if your expense, other than lodging,
is less than $75 or for expenses where a receipt is not readily available
e.g. like a parking meter.
How
to prove expenses Record keeping
(IRS Publication 463) http://www.irs.gov/publications/p463/ch05.html
Record keeping (IRS Topic 305) http://www.irs.gov/taxtopics/tc305.html
What is IRS mileage rate for 2008 tax year?
IRS mileage
rate 2008
(Jan to June)
IRS mileage
rate 2008
(July to Dec)
IRS Mileage -Business
50.5
58.5
IRS Mileage -Medical/Moving
19
27
IRS Mileage -Charitable
14
14
What is the IRS mileage rate for 2007 and later tax years?
More BizMile audit years and historical mileage rates here: IRS MIleage rate 2007, IRS mileage rate 2006, IRS mileage rate 2005.
Best small business tax resource publications:
"Tax Savvy for Small Business" by tax Attorney Frederick W. Daily is a Nolo Press
classic that is updated yearly. It is an easy to understand guide to the current tax code. But
don't take just OUR word for it the Washington Post says "This book is one of the best
plain-language books on small-business taxes" It was also named a "Top Tax Book"
by Entrepreneur Magazine.
http://www.nolo.com/products/tax-savvy-for-small-business-SAVVY.html
Other IRS reference publications for mileage rate:
Travel,
Entertainment, Gift, and Car Expenses -(IRS
Publication 463) - http://www.irs.gov/publications/p463/index.html
Car
and Truck Expenses (IRS Publication 583) http://www.irs.gov/publications/p583/ar02.html#d0e1688
Business
Use of Car (IRS Topic 510)http://www.irs.gov/taxtopics/tc510.html
Not answering your question? try the more help faq
What is current 2012 IRS standard mileage rate?
IRS mileage rate 2012 |
|
| 2012 IRS Mileage rate- Business | 55.5 cents per mile |
| 2012 IRS Mileage rate - Medical/Moving | 23 cents per mile |
| 2012 IRS Mileage rate- Charitable | 14 cents per mile |
What is current 2011 IRS standard mileage rate? (It was increased July 1, 2011).
IRS mileage rate 2011 (Jan to June) |
IRS mileage rate 2011 (July to December) |
|
| 2011 IRS Mileage rate- Business | 51 cents per mile | 55.5 cents per mile |
| 2011 IRS Mileage rate - Medical/Moving | 19 cents per mile | 23.5 cents per mile |
| 2011 IRS Mileage rate- Charitable | 14 cents per mile | 14 cents per mile |
Why not just guess on your mileage deductions?
Our customers say no. When they recreated how far they drove with BizMile, they found that they were leaving money on the table; they had guessed low.
How far did you REALLY drive? Find out with BizMile. (Did we mention it was easy?)
What batch address import formats does BizMile support?
Outlook, Gmail, Yahoo, Apple Mail, Vcard and many other formats too.
How do I batch import a format that is not automatically supported?
Use a CSV format with ALL the following (They are case sensitive !) column headers (even if they are blank columns)
Company (this will map to the place name and it can be Fred Smith's name too),
Business Street (you can have just the address or you can have this: 101 Ness Drive, Beaumont, CA),
Business City (can be blank if city name as above),
Business State (MUST fill out state code for each such as CA or TX),
Business Postal Code (totally unnecessary but don't tell the P.O.),
Business Address (may be empty),
Business Country (also may be empty)
Are my records and data safe?
With BizMile your data is saved on state of the art servers behind encrypted SSLs in the AWS Cloud using the same SAS70 Type II audit security and ISO 27001 Level 1 service provider status certification professional standards that Amazon uses for their own business.
Your data is autosaved as you work on it and backed up daily off site for additional protections.
Bizmile also gives YOU backup control. Each time you print, you get an archival report in standard PDF format that you may save with your digital tax archive or print out to store with your paper tax files.
What is current mileage rate for 2009 and 2010 tax years?
| IRS mileage rate 2009 |
IRS mileage rate 2010 |
|
| IRS Mileage - Business | 55 | 50 |
| IRS Mileage - Medical/Moving | 24 | 16.5 |
| IRS Mileage - Charitable | 14 | 14 |
Which trips are deductible?
IRS mileage may be deducted for trips made for business purposes. Talk to your tax professional
about the details but generally speaking, the commute from your work to a business meeting
or a related errand is deductible. It also may be deductible from your home to work, if you
have a home office. See IRS publication 463 for more information.
Is your commute deductible?
No. Nada and pretty much never. Even if you work out of your home as a consultant or
as one of the heroic self-employed, the commute from your bedroom to your living room
is still NOT deductible.
But talk to your tax pro; they are the experts at helping you pay only the taxes that you owe. As Judge Learned Hand famously quoted:
"Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and
poor alike and all do right, for nobody owes any public duty
to pay more than the law demands."
What travel expenses are deductible?
If you deduct travel, entertainment, gift, or transportation expenses, you must be able to prove
certain elements of the expense. For more detailed information see IRS publication 463 below.
What are adequate records?
A daily record of some kind such as an account book, diary,
or similar record is required
as well as its documentary evidence such as receipts, canceled checks, or bills.
Exceptions: Documentary evidence is not needed if your expense, other than lodging,
is less than $75 or for expenses where a receipt is not readily available
e.g. like a parking meter.
How
to prove expenses Record keeping
(IRS Publication 463) http://www.irs.gov/publications/p463/ch05.html
Record keeping (IRS Topic 305) http://www.irs.gov/taxtopics/tc305.html
What is IRS mileage rate for 2008 tax year?
| IRS mileage rate 2008 (Jan to June) |
IRS mileage rate 2008 (July to Dec) |
|
| IRS Mileage -Business | 50.5 | 58.5 |
| IRS Mileage -Medical/Moving | 19 | 27 |
| IRS Mileage -Charitable | 14 | 14 |
What is the IRS mileage rate for 2007 and later tax years?
More BizMile audit years and historical mileage rates here: IRS MIleage rate 2007, IRS mileage rate 2006, IRS mileage rate 2005.
Best small business tax resource publications:
"Tax Savvy for Small Business" by tax Attorney Frederick W. Daily is a Nolo Press
classic that is updated yearly. It is an easy to understand guide to the current tax code. But
don't take just OUR word for it the Washington Post says "This book is one of the best
plain-language books on small-business taxes" It was also named a "Top Tax Book"
by Entrepreneur Magazine.
http://www.nolo.com/products/tax-savvy-for-small-business-SAVVY.html
Other IRS reference publications for mileage rate:
Travel,
Entertainment, Gift, and Car Expenses -(IRS
Publication 463) - http://www.irs.gov/publications/p463/index.html
Car
and Truck Expenses (IRS Publication 583) http://www.irs.gov/publications/p583/ar02.html#d0e1688
Business
Use of Car (IRS Topic 510)http://www.irs.gov/taxtopics/tc510.html
Not answering your question? try the more help faq
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