IRS Announces 2015 Standard Mileage Rates

New mileage rates announced for 2015 business, charitable, medical and moving

The Internal Revenue Service has issued the 2015 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.    IRS mileage rates for 2015

Beginning on January 1, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

Purpose Rate Per Mile
For business miles driven  57.5 cents
For medical or moving purposes 23 cents
In service of charitable organization 14 cents

 

The rate for business is increased by one-and-a-half cent per mile from 2014.  The medical and moving rate is decreased by one-half cent per mile from the 2014 rate.

For more information about the rate changes for 2015, please visit the IRS website. The IRS studies the various fixed and variable costs associated with operating a motor vehicle for transport for business use and establishes an updated rate. The agency uses only variable costs when calculating the rate for medical and moving based mileage. Various restrictions apply when applying these rates. Please consult a tax professional for more information.

Read the 2014 Announcement

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