Change to Mileage Rates

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Tuesday morning, the Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

• 57.5 cents per mile for business miles driven, up from 56 cents in 2014

• 23 cents per mile driven for medical or moving purposes, down …read more

Read more here:: Nonprofit


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