Sunday, October 18, 2015

Standard Mileage Rates for 2015

Most everyone knows about the standard deduction for business miles driven, but did you know you can deduct miles driven for medical purposes, moving purposes, or in service of charitable organizations?  In 2015 the standard mileage rates for the use of a car, van, pickup or panel truck are:
  • 57.5 cents per business mile driven, up from 56 cents in 2014
  • 23 cents per mile driven for medical or moving purposes, down half a cent from 2014
  • 14 cents per mile driven in service of charitable organizations
For more information concerning when these deductions can be applied, please go to the IRS website using the following link:  IRS-2015 Standard Mileage Rates

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