The IRS has announced its new rates for 2014 and there is a slight decrease, ½ cent lower than last year.
Here are the standard mileage rates for the upcoming year
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
These mileage rates are optional meaning you can use the IRS standard rate for 2014 or you can keep track of your actual expenses of operating a vehicle and claim actual expenses.
Which is better? It’s tough to say, circumstances can vary from individual to individual. Here is a link to help you decide… http://www.irs.gov/taxtopics/tc510.html
For more information on the rate changes, you can read about it here from the IRS…
With Valentine’s Day just around the corner, many people (especially guys!) are trying to plan the ultimate date night to impress their sweetheart. Still stumped on what to do? Think you have to drive all the way to Philly to find a good time? No way! Bucks County is home to fine dining, a fantastic arts scene, romantic getaways and a fun and exciting night life. There’s plenty to do and see and there’s definitely something for everyone. Check out this list of the Top 10 Bucks County Date Nights presented by Visit Bucks County. An amazing Valentine’s date night is right here in our very own backyard. And don’t just save these great date ideas for Valentine’s Day, they’re great ideas for any date night!