ALB Accounting: 2014 Standard Mileage Rates

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As of January 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 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 organizations

The business, medical, and moving expense rated decreased one-half cent from the 2013 rates. The charitable rate is based on statute.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.

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With 25 years experience, we pride ourselves on professional expertise in maintaining the bookkeeping and accounting functions, on-site book-keeping weekly/bi-weekly, and monthly financial statements. We are licensed CBS distributors/consultants, notary public and Quickbooks ProAdvisor.

ALB Accounting Services, LLC 670 Wharton Blvd Eagleview Town Center | Exton PA 610.458.0670 phone | 610.458.0673 fax ALBAccounting.com