2012 Mileage Reimbursement Rate Unchanged From 2011

By Harry Sit

The IRS announced the 2012 standard mileage rate. It’ll stay the same as in 2011: $0.555 per mile. If you drive your own car for a business, most employers reimburse employees at this rate.

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 55.5 cents per mile for business miles driven
  • 23 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

Source: IRS IR-2011-116

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Posted on December 12, 2011 under Taxes.

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2 Comments on 2012 Mileage Reimbursement Rate Unchanged From 2011

  1. richard on September 26, 2012
     

    i am being reimbursed 34cents a mile for driven my own truck to and from jobsites im a comercial door installer i was wondering if theres a requirement for how much he has to reimburse me for i aslo hall matterials to and from jobs in my truck i only asking cuz i was paid what irs sates for millage reimbursements at the door company i worked at in 2007

  2. Harry on September 26, 2012
     

    I’m not aware of any hard requirement.

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