IRS Increases Mileage Rate for Medical Expense Reimbursement

IRS Increases Mileage Rate for Medical Expense Reimbursement

Due to the increased cost of gasoline, the IRS revised the optional standard mileage rates for purposes of computing the deductible costs of operating an automobile for medical expense reimbursements, as well as for business and moving expense purposes. Below are the reimbursement rates for the first and second six-month periods in 2011.

 

Rates 1/1 through 6/30/11

Rates 7/1 through 12/31/11

Medical/Moving

19¢ per mile

23.5¢ per mile

Business

51¢ per mile

55.5¢ per mile

 

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IRS Increases Mileage Rate for Medical Expense ReimbursementDue to the increased cost of gasoline, the IRS revised the optional standard mileage rates for purposes of computing the deductible costs of operating an automobile for medical expense reimbursements, as well as for business and moving expense purposes. Below are the reimbursement rates for the first and second six-month periods in 2011....2011-07-07T16:00:00-05:00

Due to the increased cost of gasoline, the IRS revised the optional standard mileage rates for purposes of computing the deductible costs of operating an automobile for medical expense reimbursements, as well as for business and moving expense purposes. Below are the reimbursement rates for the first and second six-month periods in 2011.