Gas Mileage Deductions for 2014

The 2014 standard mileage rate for business associated miles is 56 cents per mile. For medical or moving purposes, the standard mileage rate is 23.5 cents per mile driven. You can also receive a deduction if driving in service of a charitable organization, and the standard mileage rate for that is 14 cents per mile.

If you have any questions about your eligible deductions, please do not hesitate to contact us here at Shein CPA in Melbourne, Florida!