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|| SportsShooter.com: Member Message Board IRS Increases Mileage Rate to 55.5 Cents per Mile Jeff Kowalsky, Photographer West Bloomfield | MI | United States | Posted: 11:00 AM on 06.24.11 ->> http://www.irs.gov/newsroom/article/0,,id=240903,00.html?portlet=6 IRS Increases Mileage Rate to 55.5 Cents per Mile WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011, as set forth in Revenue Procedure 2010-51.  This post is:  Informative (3) | Funny (0) | Huh? (0) | Off Topic (0) | Inappropriate (0) |   Definitions Add your comments... If you'd like to add your comments to this thread, use this form. You need to be an active (paying) member of SportsShooter.com in order to post messages to the system. NOTE: If you would like to report a problem you've found within the SportsShooter.com website, please let us know via the 'Contact Us' form, which alerts us immediately. It is not guaranteed that a member of the staff will see your message board post. Thread Title: IRS Increases Mileage Rate to 55.5 Cents per Mile Thread Started By: Jeff Kowalsky Message: Member Login: Password: Return to --> Message Board Main Index

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