The Internal Revenue Service has released the 2014 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2014 standard mileage rates compared to the 2013 and 2012 tax year standard mileage rates.
Standard Mileage Rate |
2014 |
2013 |
2012 |
Business rate per mile |
56.0¢ |
56.5¢ |
55.5¢ |
Medical and moving rate per mile |
23.5¢ |
24.0¢ |
23.0¢ |
Charitable rate per mile |
14.0¢ |
14.0¢ |
14.0¢ |
Depreciation rate per mile |
22.0¢ |
23.0¢ |
23.0¢ |
In accordance with Circular 230 Disclosure
An Enrolled Agent and U.S. Tax Court Practitioner, I represent taxpayers in front of the IRS and the U.S. Tax Court on self-prepared tax returns and tax returns prepared by other tax preparers. I handle CDP hearings, collection cases and contested issues in IRS audits. With more than three decades of experience working with small individual returns to large, multi-company and multinational companies returns I have a broad breadth of experience and am in the position to help you.
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