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Tuesday, November 27, 2012

Standard mileage rates go up a penny in 2013

BY PAUL BONNER NOVEMBER 21, 2012 Optional standard mileage rates for use of a vehicle will go up by 1 cent per mile for 2013, the IRS said Wednesday (Notice 2012-72). Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.

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