Tax cuts on the odometer

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in Small Business Tax,Small Business Tax Deduction Strategies

The standard mileage rates announced for 2014 by the IRS are slightly lower than they were in 2013. (IRS Notice 2013-80)

The flat rate allowed for business driving is 56 cents per mile; the rate for medical and moving expenses is 23.5 cents per mile; and the rate for charitable travel is 14 cents per mile.

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