This week the IRS announced the rates for 2014 mileage. Surprising they are going down a bit. It has been awhile since the rates have been lowered. If you are a nanny who gets mileage as part of your compensation package. Make sure you print off the press release and share with your employers.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
The business, medical, and moving expense rates decrease one-half cent from the 2013 rates. The charitable rate is based on statute.