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Dec 9Jeff Matthews

2014 Mileage Reimbursement Rates

Dec 9Jeff Matthews

Friday the IRS announced the 2014 mileage reimbursement rates.  The rate in 2014 for the optional standard mileage reimbursement will be $0.56 per mile in 2014, down from $0.565 per mile in 2013. 

Medical and moving reimbursement rates also dropped by one-half cent in 2014 to $0.235 per mile.  Rates applicable for rendering gratuitous services to a charitable organization will remain unchanged at $0.14 per mile.

If you wish to read the full text of the announcement it is Notice 2013-80 found at http://www.irs.gov/pub/irs-drop/n-13-80.pdf

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