Posted by Eileen McRorey on 12/10/11 10:30am
Msg #406220

Mileage rates

I just received a notice from IRS that the .555/per mile rate will continue into 2012. Just letting you all know.

Reply by Linda_H/FL on 12/10/11 10:43am
Msg #406221

Which is only the rate you use for the deduction on your

tax return...

Mileage charges to the client are a whole different issue and are usually more taking into account other automobile expenses involved in the job..

Reply by Eileen McRorey on 12/10/11 11:03am
Msg #406223

Re: Which is only the rate you use for the deduction on your

You are correct. I was referring only to the rates for income tax purposes.