IRS announces new mileage reimbursement rates for 2015

On December 10, 2014, the Internal Revenue Service (IRS) issued the 2015 optional standard milage rates used to calculate the reimbursable costs of operating a vehicle for business, charitable, medical or moving purposes.

According to a news release from the IRS Starting January 1, 2015, the standard mileage rates for use of a car, van, pickup or panel truck will be:

  • 57.5 cents per mile for business miles driven, up from 56 cents in 2014
  • 23 cents per mile driven for medical or moving purposes, down half a cent from 2014
  • 14 cents per mile driven in service of charitable organizations

To view the release in its entirety, click here.

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