New Standard Mileage Rates for 2015

car-money-LI-FB-shutterstock_121530424-smlr-200x118The IRS has announced new standard mileage rates for 2015. In lieu of deducting actual business auto expenses, you can deduct a flat rate of 57.5 cents per business mile, up from 56 cents per business mile in 2014, plus parking and tolls. But the standard rate for medical or moving expense driving drops to 23 cents/mile for 2015, down from 23.5 cents in 2014.  The flat rate for charitable driving remains at 14 cents/mile.

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