2015 Standard Mileage Rates Announced
Article Highlights: 2015 standard mileage rates Business, charitable, medical and moving rates Possible mid-year adjustments The Internal Revenue Service recently issued the 2015 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, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile for business miles driven (includes a 24 cent per mile allocation for depreciation); 23 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service of charitable organizations. CAUTION: With the recent substantial