Standard Allowance for Business Mileage for 2015

The new business mileage rate has increased from 56 cents per mile to 57.5 cents per mile for 2015. The standard rate is determined by an annual study of all of the costs of operating an automobile including depreciation, and can used to determine the taxable deduction of using a vehicle for business. I find using the standard allowance the best and easiest way for most taxpayers. You have the option of using actual costs, but once you go that route you can't change back to using the allowance method.