IRS Announces 2015 Mileage Rates

Dec 11, 2014

Yesterday, the IRS issued the 2015 optional standard mileage rates — and the business rate has gone up.

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

  • 57.5 cents per mile for business miles driven, up from 56 cents in 2014
  • 23 cents per mile driven for medical or moving purposes, down half a cent from 2014 
  • 14 cents per mile driven in service of charitable organizations

Note that you can’t use the business standard mileage rate for a vehicle after claiming accelerated depreciation, including the Section 179 expense deduction, on that vehicle. Also, the standard rate is not available to fleet owners (more than four vehicles used simultaneously).