Mileage Deduction Rates
Studies funded by the IRS demonstrate it continues to be more expensive to drive a car. The standard mileage deductions (or reimbursement rates) appear in the following table:
Mileage Deduction Rates 2014
Category | Rate (January to December) |
Business Miles | 56.0 cents per mile |
Charitable Services | 14.0 cents per mile |
Medical Travel | 23.5 cents per mile |
Source: http://www.money-zine.com/financial-planning/tax-shelter/income-tax-changes-2