Tag Archives: Standard Mileage Rate

Standard Mileage Rate Increases for 2015

Back in December, the IRS issued the optional standard mileage rate for business, medical, moving, and charitable deductible costs. Taxpayers have the option to use this rate as an alternative to the actual costs of operating an automobile. Surprisingly, with the fall of oil prices, the rate for 2015 increased to 57.5 cents/mile, up 1.5 […]