Federal, State, Local and International Taxes – The IRS
in Notice
2014-79, 2014-53 IRB 1001, updates previous
guidance on the standard mileage rates and provides rules for optional standard
mileage rates in computing the deductible costs of operating an automobile for
business, charitable, medical, and moving purposes.
The standard mileage rates in
effect in 2015 are as follows:
·
Use of a car for business purposes: 57.5 cents per mile (up from
56 cents per mile for 2014).
·
Use of a car for medical or moving purposes: 23 cents per mile
(down from 23.5 cents per mile for 2014).
The standard mileage rate for
providing services to charitable organizations remains at 14 cents per mile.
This rate is set by statute and cannot be revised by the IRS. The notice
specifies that, for 2015, the depreciation component of the business standard
mileage rate is 24 cents (up from 22 cents per mile in 2014).
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