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Tax cuts on the odometer

by on
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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