Posts made in January, 2014

IRS Reduces Standard Mileage Rates for 2014

By on Jan 9, 2014 in Uncategorized | 0 comments

The IRS has announced a one half cent decrease in the standard mileage rates that taxpayers will use for calculating business, medical, and moving expenses in 2014. Use of the standard mileage rate is a popular alternative to using the actual expense method, which requires taxpayers to keep track of specific costs for maintenance, repairs, tires, oil, insurance,...

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