Standard Mileage Rate Changes to 55.5 cents/mile July 1

published July, 2011

July 1 the mileage rate will change from 51 cents to 55.5 cents per mile. This was announced June 23.

This means YOU NEED TO GO CHECK YOUR AUTO MILEAGE and write it down if you’re going to deduct any kind of auto expense this year. Even if you use actual costs, we need to know the mileage.