IRS Posts New Mileage Reimbursement Rates

December 19, 2013 26 view(s)
IRS Posts New Mileage Reimbursement Rates

The Internal Revenue Service (IRS) has announced mileage reimbursement rates for 2014, with two of them decreasing by a half-cent each.

Beginning Jan. 1, 2014, employers using the standard IRS rates for mileage reimbursement should adhere to these standards:

  • 56 cents per mile for business miles driven;
  • 23.5 cents per mile driven for medical or moving purposes; and
  • 14 cents per mile driven in service of charitable organizations (same as current rate in effect).
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