Tuesday, January 7, 2014

2014 standard mileage rates

The IRS released the 2014 Standard Mileage Rates in early December 2013.   The optional rates for business, charitable, medical, or moving purposes of an automobile are:
  • 56 cents per mile for business miles driven
  • 23.5 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

Additional information is on the IRS website.

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