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2014 Standard Mileage Rates for Business, Medical, Moving and Charitable Announced

posted Dec 8, 2013, 9:47 AM by Zaher Fallahi

The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

a) 56 cents per mile for business miles driven

b) 23.5 cents per mile driven for medical or moving purposes

c) 14 cents per mile driven in service of charitable organizations

 

If you need assistance with your accounting, payroll processing, tax planning, preparation and the IRS representation including disclosure of your undeclared foreign bank accounts, please contact Los Angeles & Orange County CPA, Zaher Fallahi, at (310) 719-1040 (Los Angeles) or (714) 546-4272 (Orange County), or e-mail to taxattorney@zfcpa.com.

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