IRS Announces 2013 Mileage Rates

If you reimburse employees for business mileage, the standard rate established by the Internal Revenue Service (IRS) beginning January 1, 2013, will be 56.5 cents per mile driven. During 2012, the rate for business travel is 55.5 cents per mile. Any amount you pay above the standard rate is taxable to the employee. Click here for more information.