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Published: Tuesday, 11/27/2012

IRS raises mileage rate for business travel


WASHINGTON — The business standard mileage rate for transportation expenses will rise a penny to 56.5 cents a mile in 2013, the IRS has announced.

The rate is used to compute reimbursement to employees who use their own cars for business purposes.

The 2013 standard rate for miles driven for medical or moving purposes will increase to 24 cents a mile from the 23 cents in effect during 2012. The rate for operating a passenger car for charitable purposes, which is set by law, will stay at 14 cents.

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