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The mileage rates for 2016 are now available and are noted here.

By admin
January 16, 2016
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The IRS recently announced mileage rates to be used for travel in 2016. The Business mileage rate decreases by 3.5 cents while Medical and Moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged. 2016 New Mileage Rates Standard Mileage Rates Mileage Rate/Mile Business Travel 54.0¢ Medical/Moving 19.0¢ Charitable Work 14.0¢ Here are 2015 rates for your reference as well. 2015 Mileage Rates Standard Mileage Rates Mileage …Read More

2014 Mileage Rates

By admin
December 23, 2013
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2014 Mileage Rates After a long delay, the IRS finally announces the standard mileage rates for travel during 2014. The IRS recently announced mileage rates to be used for travel in 2014. The Business, Medical, and Moving mileage rates decrease one half cent versus 2013 while charitable rates remain unchanged. Business mileage decreases 1/2 cent per mile. 2014 New Mileage Rates Standard Mileage Rates Mileage 2014 Rate/Mile Business Travel 56.0¢ …Read More

Does Your Mileage Log Travel the Distance?

By admin
June 21, 2013
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What you need to know to ensure your allowable business, charitable and medical miles are not dismissed during an audit. The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate records of actual miles driven. During an audit this is an often disallowed deduction, despite the fact that you actually drove the distance claimed. How …Read More