Due to a surge in gas prices during the first half of 2011, the IRS has issued a rare mid-year mileage rate update.
Beginning July 1, 2011, the standard mileage rates for the business use of a car (including vans, pickups or panel trucks) will be:
55.5 cents per mile for business miles driven;
23.5 cents per mile driven for medical or moving purposes; and
14 cents per mile driven in service of charitable organizations.