IRS fixes 2013 standard mileage rate

The Internal Revenue Service has issued standard mileage rates for 2013.These rates are used to compute the deductible costs of operating an automobile for various activities. These rates are also used by employers to calculate the rate that they will pay their employees for using vehicles for business-related work. The rate for 2013 for business related travel expenditure comes out to be 56.5 cents per mile.

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IRS sets 2013 standard mileage rate