The IRS recently released the standard mileage rates for business mileage, as well as mileage driven to obtain medical treatment during 2011. The business rate will be $.51, while the medical mileage rate will be $.19. Both of these are increased over 2010.

            This release is a great reminder to be sure to track your mileage during the year for business, medical, and charitable purposes. The recommended way to do this is through a mileage log, as the IRS has been placing more importance on the documentation of mileage during audits.