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IRS Announces 2011 Mileage Rates
January 01, 2011
IRS Announces 2011 Mileage Rates
2011 Mileage Rates Announced
Effective January 1, 2011, the IRS mileage allowance for business miles driven will be $.51 per mile, up from $.50 per mile in 2010. For dealers who offer mileage allowances to their employees, as well as for accounting purposes, please note the change in the rate for 2011. The mileage deduction amounts change every year so be sure to verify what the IRS rate is prior to the beginning of each new year. Click HERE for the complete release from the IRS.
If you have any questions about the information in this memo, please contact Ellen Mastrangelo or Nick Hanna at (440) 746-1500 or by email at ellen@gcada.org or nhanna@gcada.org. This notification and its contents should not be construed as tax or legal advice.
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