Medical Mileage Change for 2014

By Ric Joyner

IRS email notice

Mileage Rates for 2014

Type

Amount

Change from 2012

Medical or moving

23.5

-.05

Charitable

14

0

Business

56

+.05

Business Depreciation

22

-1

 

 

 

Notice 2013-80 provides the optional 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.  This notice also provides the amount taxpayers must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan.

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