2014 Standard Mileage Rates

In December 2013, the IRS issued the 2014 optional standard mileage rates. These rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

The 2014 standard mileage rates for the use of a car (also vans, pickups, or panel trucks) 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

For more information, visit the IRS website: http://www.irs.gov/2014-Standard-Mileage-Rates-for-Business,-Medical-and-Moving-Announced.