What is the mileage reimbursement rate for 2014?
Posted on January 01, 2014
The IRS recently issued the 2014 optional standard mileage reimbursement rates available to those who operate an automobile for business, charitable, medical or moving purposes. Those rates are:
- 56 cents per mile for business miles driven (2013 rate was 56.5 cents per mile)
- 23.5 cents per mile driven for medical or moving purposes (2013 rate was 24 cents per mile)
- 14 cents per mile driven in service of charitable organizations (no change from 2013 rate)
For more details regarding the standard mileage rates, please visit the IRS site or contact us.