Standard IRS Mileage Rates 2016

Mileage TrackingStandard IRS mileage rates for business use of a vehicle will be reduced in 2016, to 54 cents per mile from 57.5 cents per mile in 2015.

Driving for medical or moving purposes may be deducted at 19 cents per mile, which is 4 cents lower than 2015.

Charitable mileage remains unchanged at 14 cents per mile.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: