The 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes are:

  • 57.5 cents per mile for business miles driven (up from 56 cents in 2014)
  • 23 cents per mile driven for medical or moving purposes (down from 23.5 cents in 2014)
  • 14 cents per mile driven in service of charitable organizations (no change since 2014)

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil. The rate for medical and moving purposes is based on the variable costs, such as gas and oodometeril. The charitable rate is set by law.

If you have any questions regarding this information or would like to discuss your specific situation further, please give us a call at (239) 433-5554 or visit our website at www.markham-norton.com.