The Internal Revenue Service on Jan. 1, 2014, will lower its business mileage rate by one half-cent to 56 cents per mile. - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

December 10, 2013 - 04:15 PM ET

The Internal Revenue Service on Jan. 1, 2014, will lower its business mileage rate by one half-cent to 56 cents per mile. Many companies use the rate to calculate reimbursements for employees who use personal vehicles for business, though IRS noted that "taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates." IRS adjusts the rate annually based on analysis "of the fixed and variable costs of operating an automobile."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Alaska Airlines on Thursday reported a first-quarter 2015 net income of $149 million,... read more »
Reserved occupancy at North American hotels for the second quarter of 2015 is up 0.8 percent from the same period last year,... read more »
The average daily rate at U.S. hotels in March increased 4.9 percent year over year to $120.38,... read more »
Wyndham Hotel Group appointed Carol Bullock as vice president of global sales for North America and Latin America and... read more »
Japan's All Nippon Airways named Hideki Kunugi senior vice president of the Americas.... read more »
InterContinental Hotels Group senior vice president of worldwide sales Stephen Powell will retire in June,... read more »
The number of international air passengers traveling in premium classes worldwide in January increased by a "weak" 2.6 percent year over year,... read more »
Accor appointed Cyril Kovarsky senior vice president of global sales, effective April 1.... read more »
U.S. restaurant spending by corporate clients of dining network Dinova in 2014 increased 5.6 percent year over year,... read more »
Meetings technology firm Cvent on Friday reported $39.3 million in fourth-quarter 2014 revenue, up from $30.7 million year over year.... read more »
International Consolidated Airlines Group, parent company to British Airways and Iberia, on Friday reported a fourth-quarter profit of €138 million,... read more »