Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
Last year's business rate was 56.5 cents. So, this is actually a small reduction.
This change will affect employers' expense reimbursement policies.
