Mileage rates for 2014 were recently released by the IRS. Deductible expenses for business use vehicles can be calculated using the mileage rates provided by the IRS. Rates for 2014 have decreased by 1/2 cent.
Business mileage – $.56 per mile
Medical or moving mileage – $.235 per mile
Charitable organization mileage – $.14 per mile
If you have questions related to any of the above, please contact us.