If you're heading over the river and through the woods to
Grandmother’s house, your travel costs are all your own.
But if you're doing some business traveling this holiday
week or did some company travel any other time of the year, document your miles
so you can deduct those costs. Write off
the miles you drive in 2012 for business at the standard mileage deduction rate
of 55.5 cents per mile.
The IRS reports
that standard mileage deduction rates will rise in 2013 to 56.5 cents per mile. See the Full IRS Update about Mileage Rates for 2013.