2016 IRS Mileage Rates

Dated: 01/06/2016

Views: 855

Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will bImage titlee:
  • 54 cents per mile for business miles driven, down from 57.5 cents for 2015

  • 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015

  • 14 cents per mile driven in service of charitable organizations

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.


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