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National Restaurant Association - IRS moves standard mileage rate to 56.5 cents

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IRS moves standard mileage rate to 56.5 cents

Businesses have the option of deducting 56.5 cents a mile for the cost of operating a car for business purposes in 2013, the IRS recently announced.

The standard mileage rate for 2013 is up 1 cent from the 2012 rate.

Businesses that don't want to track gas costs can use the IRS's standard mileage rate to figure out the deductible cost of operating a car for business purposes. Many businesses also use the IRS's optional rate as their benchmark for reimbursing employees for mileage.

Businesses and taxpayers can always choose to calculate the actual costs of using their vehicles rather than using the IRS's rate. Get details from the IRS.

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