Standard Mileage Rates Down

Posted on 02.05.14

Standard Mileage Rates Down

Standard Mileage Rates - RIchmond CPA Firm

 

The optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) has decreased by 0.5¢ to 56¢ per mile for business travel after 2013. The rate for using a car to get medical care or in connection with a move that qualifies for the moving expense also has decreased by 0.5¢ to 23.5¢ per mile for 2014.

Sources: Checkpoint; Image, Sirote