Claiming The New Standard Mileage Rate For Business Cars

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Claiming The New Standard Mileage Rate For Business

By The BIDaWIZ Team on December 16th, 2014 at 12:41 am

The IRS released the new standard mileage rates to calculate deductible costs for the 2015 tax year. This impacts those using a vehicle for business, charity, or medical and moving purposes. With the exception of costs related to business, the standard mileage rates all stayed the same or were slightly down from 2014 due to lower gas and oil costs. Still, should you even claim the standard mileage deduction for business? .

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