IRS issues new standard mileage rates
By Dan Cook
And now, from the news-you-can-use while you cruise department …
The IRS has issued 2014 standard mileage rates, which take effect Jan. 1.
The new rates apply for use of a car, van, pickup or panel trucks. Here they are:
- 56 cents per mile for business miles driven;
- 23.5 cents per mile driven for medical or moving purposes;
- 14 cents per mile driven in service of charitable organizations.
Originally published on BenefitsPro.com