IRS Announces 2015 Mileage Rates for Business, Medical and Moving and Charities

The IRS has just announced 2015 mileage rates for Business, Medical and Moving and Charities. The new rates are:

– Business – 57.5 cents per mile;
– Medical and Moving – 23 cents per mile;
– In service of charitable organizations – 14 cents per mile.

The business expense rate increased by one and a half cent from the 2014 rates. The medical, and moving expense rate decreased by one-half cent from the 2014 rates. The charitable rate is based on statute.
Please see below for the full announcement and feel free to contact our office if you have any further questions.
http://www.irs.gov/uac/Newsroom/New-Standard-Mileage-Rates-Now-Available;-Business-Rate-to-Rise-in-2015