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.