IRS Increases Mileage Rate to 55.5 Cents per Mile

For the second time in three years, the IRS is making a mid-year increase in the deduction rates for miles driven for business and medical/moving. It's a nice little healthy jump too! For July 1st through December 31st:

Business rate is now 55.5 cents/mile (up from 51)
Medical/Moving rate is now 23.5 cents/mile (up from 19)
Charity rate remains the same at 14 cents/mile

See the IRS site for the official statement:
http://www.irs.gov/newsroom/article/0,,id=240903,00.html?portlet=6