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2015 Standard Mileage Rate Change
The Internal Revenue Service has announced the business standard mileage rate for use of a car beginning January 1, 2015 will be:
* 57.5 cents per mile for business miles driven, up from 56 cents in 2014
Districts may reimburse employees for business mileage at the IRS mileage rate with out the amount being taxable to the employee. Any amounts paid over the 57.5 cents a mile will be taxable income to the employee in 2015 and the entire amount is reportable to the IRS on the employee's W-2.