IRS Lowering Mileage Allowances For Business Travel

IRS Lowering Mileage Allowances For Business Travel


The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will decrease by $.05 to $.56 per mile for business travel starting January 1, 2014. This rate can also be used by employers to reimburse tax-free under an accountable plan employees who supply their own autos for business use, and to value personal use of certain low-cost employer-provided vehicles.

The rate for using a car to get medical care or in connection with a move that qualifies for the moving expense will also decrease by $.05 to $.235 per mile.  The rate for service to a charitable organization is unchanged at $.14 per mile.  Notice 2013-80, 2013-52 IRB ; IR 2013-95


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