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You are here: Home / Archives for The Internal Revenue Service

2017 Standard Mileage Rates for Business, Medical and Moving Announced

January 19, 2017 By The Balance Sheet

The Internal Revenue Service issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2016
  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
  • 14 cents per mile driven in service of charitable organizations

Filed Under: Announcements, Tax Tagged With: IRS, standard mileage rates, The Internal Revenue Service, vehicle mileage rate




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