2013 IRS Mileage Rate Increase – Nanny Mileage Reimbursement

The IRS an increase to the standard mileage reimbursement rate to take effect January 1st, 2013. The new rate increased from 55.5¢ (2012) to 56.5¢.

The IRS mileage reimbursement rate is commonly used by household employers to reimburse their household employee for the ‘business use’ of his/her personal vehicle; it is intended to cover gas, maintenance and depreciation of the nanny’s vehicle when used for work related errands and/or children transportation.

Families with young children generally understand the nanny’s car could suffer some extra deterioration when used to transport young children. Many will also pay for an annual ‘detailing’ of the nanny’s vehicle if it is used frequently.

Information provided by 4nannytaxes.com

For more information: http://www.irs.gov/uac/2013-Standard-Mileage-Rates-Up-1-Cent-per-Mile-for-Business,-Medical-and-Moving

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