IRS Increases Standard Mileage Rate to 56.5 Cents per Mile for 2013
The standard mileage rates for the use of automobiles beginning January 1, 2013 will be 56.5 cents per mile for business miles driven and 24 cents per mile driven for medical or moving purposes the
Internal Revenue Service announced in
Notice 2012-72 and News Release IR-2012-95.
Both Rates Are Higher than 2012 Rates
The new rates are changed from 55.5 cents per mile for business travel and 23 cents per mile for moving and medical travel for 2012.
Charitable Rate Remains Unchanged
The rate for miles driven in service of charitable organizations remains the same at 14 cents per mile.
Contact Vision Payroll for More Information on 2013 Mileage Rates
Contact Vision Payroll if you have any questions on 2013 mileage rates or visit our Important Facts and Figures page for further information.
Thanksgiving Day Holiday May Require Change in Processing Schedule
Thursday, November 22, 2012 will be Thanksgiving Day, a federal holiday. The offices of
Vision Payroll will close Thanksgiving Eve, November 21 at 3 pm EST and re-open Friday November 23. Most banks will also be closed in observance of the holiday. Payroll changes and hours must be submitted before the processing deadlines listed below:
Normal Payroll Date |
Process Deadline |
11/22/2012 |
11/19/2012 |
11/23/2012 |
11/20/2012 |
11/26/2012 |
11/21/2012 |
Payroll Dates May Be Affected by Thanksgiving Day
Payrolls dated November 22 will be paid November 21 unless a previous change in schedule has been submitted. Payrolls submitted after these processing deadlines will be pushed back until the next available processing day. No changes are required for payrolls dated November 27.
Christmas Day Is Next Federal Holiday
There will be no UPS ground delivery on November 22 or November 23, so we strongly recommend submitting payrolls during this time as early as practicable. The next federal holiday will be Tuesday, December 25, 2012, Christmas Day. Contact Vision Payroll as soon as possible to make changes to or for questions on your processing schedule.
Vision Payroll