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IRS Increases Mileage Rate effective July 1, 2011

Good news! The Internal Revenue Service (our beloved IRS) announced today that effective July 1, 2011, the optional business mileage rate will increase from 51 cents per mile to 55.5 cents. The medical or moving expense rate increases from 19 cents to 23.5 cents. The charitable rate remains the same at 14 cents. This will […]

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