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.