As we are getting into the swing of 2014, it’s time to update the rate at which mileage is reimbursed. The IRS has released its 2014 standard mileage rates.
• 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 organization
Be sure to update your records and reimbursement forms as appropriate. Click here to view the IRS release.
Kelly A. O’Leary, CPA, CGMA, MBA, CITP, CIA
Vice President, Finance and Administration