Marcum LLP
Home | Offices | (855) MARCUM1  
Insights & Alerts
As Seen In
Press Releases
Thoughts of the Week
Beyond the Numbers
SEC Insights
Forensic Files
Trending in Healthcare
Cybersecurity and Risk Management Tech Talk
Private Investment Forum
2015 Tax Guide

Insights & Alerts

December 10, 2012

Print this page.

2013 Optional Standard Mileages Rates
A special thanks to article contributor Sabrina Sirota

2013 Optional Standard Mileages RatesThe Internal Revenue Service recently released new optional standard mileage rates. The rates are used to calculate deductible costs of operating an automobile for business, charitable, medical or moving purposes. The 2013 rates indicate a 1 cent increase from the 2012 rates.

Beginning January 1, 2013, the rates will be 56.5 cents per mile for business miles driven, 24 cents per mile driven for medical or moving purposes and 14 cents per mile driven in service of charitable organizations.

The standard mileage rate for business is calculated using an annual study of the fixed and variable costs of operating an automobile, van, pickup or panel truck. The rate for medical and moving purposes is based on the variable costs.

There is another option available to taxpayers that do not wish to base their deduction calculations on the standard mileage rates. Taxpayers can calculate the actual costs of using their vehicle instead of using the standard mileage rates.

The standard mileage rate for business miles driven may not be used for a vehicle after any depreciation method under Modified Accelerated Cost Recovery System (MACRS) has been calculated. The use of a Section 179 deduction will also disallow the standard mileage rate for a vehicle. Additionally, the standard mileage rate cannot be used for more than four vehicles used simultaneously.


Go Back

Social Media

Media Requests

Need a quote for a story? Working on an article and need a resource?

Julie Gross Gelfand
Director of Public Relations & Communications
Website Requests

Have a question concerning our website?

Chris Pelosi
Director of Online Marketing
Please complete the following form and a Marcum LLP representative will be in touch with you.

Yes No

Captcha Image