IRS ANNOUNCES 2014 STANDARD MILEAGE RATES

Scott Reddersen, CPA

The IRS announced the 2014 optional standard mileage rates this week. They are as follows:

  • 56 cents per mile for business mileage
  • 23.5 cents per mile for medical or moving mileage
  • 14 cents per mile for charitable service mileage

For those keeping track, the rates for business, medical, and moving mileage each decreased by one-half cent from their respective 2013 rates. The charitable mileage rate remains unchanged.

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