The IRS recently announced mileage rates to be used for travel in 2014. The Business, Medical, and Moving mileage rates decrease one half cent versus 2013 while charitable rates remain unchanged. Business mileage decreases 1/2 cent per mile.
2014 New Mileage Rates
|
Standard Mileage Rates
|
| Mileage |
2014 Rate/Mile
|
| |
|
| Business Travel |
56.0¢
|
| Medical/Moving |
23.5¢
|
| Charitable Work |
14.0¢
|
|
|
|
Here are 2013 rates for your reference as well.
2013 Mileage Rates
|
Standard Mileage Rates
|
| Mileage |
Rate/Mile
|
| |
|
| Business Travel |
56.5¢
|
| Medical/Moving |
24.0¢
|
| Charitable Work |
14.0¢
|
|
|
|
With 2014 right around the corner, please plan accordingly.