Standard Mileage Rate

Post Date: 12/6/13
Last Updated: 12/9/13

Summary

Cross References
- Rev. Proc. 2010-51
- Notice 2013-80

The IRS has released the 2014 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2014 standard mileage rates compared to the 2013 and 2012 tax year standard mileage rates.

2014 2013 2012
Business rate per mile 56.0¢ 56.5¢ 55.5¢
Medical and moving rate per mile 23.5¢ 24.0¢ 23.0¢
Charitable rate per mile 14.0¢ 14.0¢ 14.0¢
Depreciation rate per mile 22.0¢ 23.0¢ 23.0¢
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