Tax News & Views

 INSIGHTS FROM OUR NATIONAL TAX OFFICE

DECEMBER 11, 2013 

IRS Releases 2014 Standard Mileage Rates

 

The Internal Revenue Service has released Notice 2013-80, announcing the 2014 standard mileage rates. Effective for mileage incurred after December 31, 2013, the rates are as follows:

 

Type of Auto Use

Standard Mileage Rate

Business

56 cents

Charity

14 cents

Medical

23.5 cents

Moving

23.5 cents

 

Please contact your Eide Bailly service provider with questions or for additional information.

Eide Bailly's National Tax Office serves as a resource for clients to help analyze complex tax issues related to business decisions. Our professionals are committed to helping clients stay informed about tax news, developments and trends through various specialty areas, including cost segregation studies, wealth transfer, state and local taxation, international tax, tax exempt organizations and tax legislation.

855.889.5508
eidebailly.com/taxNationalTaxOffice@eidebailly.com

This publication is produced and published by Eide Bailly and distributed with the understanding that the information contained does not constitute legal, accounting or other professional advice. It is not intended to be responsive to any individual situation or concerns as the contents of the publication are intended for general informational purposes only. Readers are urged not to act upon the information contained in this publication without first consulting competent legal, accounting or other professional advice regarding implications of a particular factual situation. Questions and information for publication can be submitted to your Eide Bailly representative. To request reprints of this publication, send a written request to RequestReprints@eidebailly.com. © 2013 Eide BaillyLLP.