New Tax Code: Business Mileage Deduction Goes Down

Driving IRS

The IRS Is Dissing Your Ride

If you use your vehicle for work — and take a tax deduction for mileage — prepare to get less love from the Federal Government in 2014.

Workforce mobility specialist Runzheimer International points out that the Internal Revenue Service (IRS) has released a 2014 national optional business mileage deduction rate of 56 cents for U.S. business drivers.

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