Statistically speaking: 2014 business mileage rates from the IRS

From staff reportsDecember 30, 2013 

Starting Jan. 1, there’s a new Internal Revenue Service standard mileage rate for using an automobile for business miles. Here’s information on the deductible costs of operating an automobile for business:

56 cents The 2014 standard mileage rate for business miles driven.

56.5 cents The business mileage rate for 2013.

8 cents The amount the IRS added to the business mileage rate midyear in 2008 in response to rising gas prices.

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service