IRS Adjusts Business Mileage for 2014
The Internal Revenue Service has announced a change in the business mileage rate allowed for personal vehicles for 2014. All travel on or after January 1 will be set at 56 cents/mile. CWRU reimbursements for personal vehicle use will mirror this new rate for approved business-related travel commencing on January 1. Rates for mileage travelled in 2013 will remain at 56.5 cents.