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IRS Details Increase in Standard Mileage Rates

JUN. 29, 2011

INFO 2011-0080

DATED JUN. 29, 2011
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Citations: INFO 2011-0080

UIL: 9999.98-00

 

Release Date: 12/30/2011

 

Date: June 29, 2011

 

 

Refer Reply To: CONEX-121744-11

 

 

Dear * * *:

I am responding to your email to the White House dated April 15, 2011. They wrote to us on your behalf and asked us to respond to you directly. You asked whether the standard mileage rate will be increased.

On June 23, 2011, we increased the standard mileage rate by releasing Announcement 2011-40. We will publish this announcement in Volume 2011-29 of the Internal Revenue Bulletin on July 18, 2011. The announcement raises the business standard mileage rate for miles traveled between July 1, 2011, and December 31, 2011, from 51 cents per mile to 55.5 cents per mile. It also raises the medical and moving standard mileage rate for the same period from 19 cents per mile to 23.5 cents per mile.

I hope our response is helpful. If I can assist you further, please contact me or * * *, Identification Number * * *, at * * *.

Sincerely,

 

 

Kathleen Reed

 

Chief, Branch 7

 

Office of the Associate Chief

 

Counsel

 

(Income Tax and Accounting)
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