January 1st not only welcomed in the new year, but also allowed you to start using the updated 2014 mileage rates for the deductible use of your vehicle.
The standard mileage rates for the use of a car (also vans, pickups or panel trucks) are now:
- 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