2014 Standard Mileage Rates
Posted on Wednesday, December 11, 2013 Share
The IRS has released the standard mileage rates for 2014. Beginning on January 1, 2014 mileage rates are as follows:
- 56 cents per mile for business
- 23.5 cents per mile for medical or moving purposes
- 14 cents per mile for charitable purposes
The mileage rate for business and medical or moving purposes was each decreased .5 cents from the previous rate. The rate for charitable purposes was not changed.
Posted by: Carrie Minnich, CPA
Posted in Mission Minded Nonprofits
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