The 2015 standard mileage rates have been announced by the IRS. While the price at the pump is going down, the reimbursement rate is going up…for businesses. The standard mileage rate for business mileage in 2015 will be 57.5 cents per mile, which is up from 56 cents per mile in 2014.
The deduction for medical or moving purposes may be deducted at 23 cents per mile in 2015, down from 23.5 cents per mile in 2014.
The deduction for charitable mileage will remain at the 2014 amount of 14 cents per mile in 2015.