This past Friday, the IRS announced the standard mileage rates for 2012. They are as follows:
55.5 cents per mile for business travel.
23 cents per mile for medical or moving purposes.
14 cents per mile in services for charitable organizations.
The business rate is unchanged from the 2011 mid year adjustment, while the medical and moving rate has been reduced by .5 cents per mile. These rates are effective as of January 1, 2012.