Written by Reed Tinsley, CPA |
December 15, 2011
The rates are:
• 55.5 cents per mile for business miles driven;
• 23 cents per mile driven for medical or moving purposes; and
• 14 cents per mile driven in service to charitable organizations.
The business rate is the same as the mid-2011 adjustment that took effect on July 1. The rate for medical and moving miles actually fell by 0.5 cents per mile.
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
Schedule a Free Consultation.
Have questions? I’m here to help.
