The Internal Revenue Service recently issued the
revised standard mileage rate which is used to calculate the deductible costs
of operating an automobile for business purposes during 2013.
Beginning January 1, 2013, the standard mileage rate for the use of a car for
business purposes will be 56.5 cents per mile for business miles driven
– an increase of one cent per mile over the 2012 rate.
While gasoline is a significant factor in the mileage rate, other fixed and
variable costs, such as depreciation, enter the calculation. The standard
mileage rate is based on an annual study of the fixed and variable costs of
operating an automobile.
Churches that follow an accountable reimbursement plan should use the new rate
to budget expenses for next year.