2014 Standard Mileage Rate

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.

As an Approved Continuing Education Provider, I am available to speak to organizations throughout the United States on Tax and Tax Research issues.

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