Deducting Miles For Business, Medical, Moving & Charity

Your accountant or CPA can
help you find all your
legitimate deductions

Exactly how much can you deduct? 

For 2014, the standard mileage rates for the use of an automobile (which includes cars, vans, pickups or panel trucks) in cents per mile are:

         56 c/mi for business miles driven

         23.5 c/mi driven for medical or moving purposes

         14 c/mi driven in service of charitable organizations

The rates for business, medical and moving expenses will be different for the 2015 tax year since those rates are adjusted each year – expect to see those updated numbers reported here in December 2014. However, as the rate for charitable expenses is fixed by statute, it can only be changed by Congress so that number will likely sit tight at 14 cents just like it has since the Clinton era.

READ MORE >> FORBES.COM: "Back to School 2014: Deducting Miles For Business, Medical, Moving & Charity"

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