IRS ANNOUNCES 2014 STANDARD MILEAGE RATESBondBeebe
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.