Interest Rates and New Standard Mileage Rates

Interest Rates Remain the Same for the First Quarter of 2015

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015.

The rates will be:

•three (3) percent for overpayments (two (2) percent in the case of a corporation);

•three (3) percent for underpayments;

•five (5) percent for large corporate underpayments; and

•one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.

(Source of quote)

IR-2014-111



New Standard Mileage Rates Now Available; Business Rate to Rise in 2015

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

•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 half a cent from 2014

•14 cents per mile driven in service of charitable organizations

The standard mileage rate for business is based on an annual study of the fixed and 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 oil. The charitable rate is set by law.

(Source of quote)

IR-2014-114

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Written by

Office T.Professional ; ホームページ


米国税理士小野　知史（Tomofumi Ono）

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