The Car and Truck Fleet and Leasing Management Magazine

IRS 2012 Business Mileage Rate Unchanged From July 2011

December 14, 2011

WASHINGTON – The IRS announced the optional standard mileage rate for business use of a vehicle is unchanged from the rate announced in July 2011, at 55.5 cents per mile.

The IRS said the standard mileage rate for business is based on an annual study, conducted by Runzheimer International, of the fixed and variable costs of operating an automobile.

The medical and moving rates have been reduced by 0.5 cents per mile, to 23 cents. The rate for charitable organizations is 14 cents per mile.

The rates will go into effect Jan. 1, 2012.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Richard Catino was the U.S. fleet manager for Digital Equipment Corp. in Maynard, MA.

Read more

Up Next

More From The World's Largest Fleet Publisher