The IRS has
announced the new 2014 standard mileage allowance rates for business, charitable,
medical, and moving use of an automobile.
Effective January
1, 2014, the standard mileage rates are –
• Business Mileage = 56 cents per mile
• Medical and Moving Mileage = 23.5 cents per
mile
• Charitable Mileage = 14 cents per mile
The portion of the
business standard mileage rate that is treated as depreciation is 22 cents per
mile.
The 2014 business
and medical and moving rates are a half cent less than those that apply for 2013 mileage.
The charitable rate
is set by the idiots in Congress, and has remained unchanged at 14 cents per
mile for a dog’s age, with only a brief temporary increase for charitable
travel related to Hurricane Katrina recovery.
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