Increases in IRS Mileage Reimbursement Rates for 2015

© Jennifer Grady

© Jennifer Grady

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup, or panel truck will be:

57.5 cents per mile for business miles driven
23 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The business expense reimbursement rates have increased 1.5 cents from 56 cents per mile in 2014.  The medical and moving expense rates will decrease one-half cent from the 2014 rates.  The charitable rate is based on statute.

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

For more information, visit the IRS website.

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