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IRS 2016 Standard Mileage Rates

The Internal Revenue Service (IRS) issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning January 1, 2016, the standard mileage rates for the use of a vehicle will be:

Mileage Rate 2015 Rate 2016 Rate
business miles driven 57.5 cents per mile 54 cents per mile
medical or moving purposes 23 cents per mile 19 cents per mile
service of charitable organizations 14 cents per mile 14 cents per mile (no change)

 

For more information visit the IRS website.  Thank you!

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