IRS Releases Standard Mileage Rates for 2014

Dec. 19, 2013

The IRS recently released its annual update to standard mileage rates. For 2014, the business standard mileage rate decreased from 56.5 cents per mile to 56 cents per mile, the charitable standard mileage rate remained at 14 cents per mile, and the medical and moving standard mileage rates decreased from 24 cents per mile to 23.5 cents per mile.

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David Holets
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