News & Announcements

2014 Standard Mileage Rates Announced

December 6, 2013

The 2014 standard mileage rates for the use of automobiles are as follows:

56 cents per mile for business miles driven in automobiles that the taxpayer either owns or leases

23.5 cents per mile for medical/moving purposes

14 cents per mile in service of charitable organizations

The optional business standard mileage rate may not be used after claiming depreciation under MACRS or ยง179 on that vehicle, or for more than four vehicles used simultaneously.

 

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