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IRS Releases 2014 Standard Mileage Rates

(IR-2013-95; Notice 2013-80)

The 2014 standard mileage rate is 56 cents per mile for business uses and 23.5 cents per mile for medical and moving uses. It remains at 14 cents per mile for charitable uses. For purposes of computing the allowance under an FAVR plan, the standard automobile cost may not exceed ,200 (,400 for trucks and vans).

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