IRS Updated Mileage Rates Released for 2014

IRS Updated Mileage Rates Released for 2014

Beginning on January 1, 2014, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

A. 56 cents per mile for business miles.

B. 23.5 cents per mile driven for medical or moving purposes

C. 14 cents per mile driven in service of charitable organizations.

RKL Financial's Standard rate is $90.00 for a 1040 with a New York State return, with both of the returns being e-filed (the rate does not change no matter how many W-2's, 1099's or other tax schedules (except Schedule C's and E's) that we have to fill out!). If you have a small business (Schedule C) or a rental property (Schedule E) the return is just $50.00 more for a total of $140.00.

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