Tuesday, December 27, 2016

Standard mileage rates in 2017

The IRS recently announced the 2017 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes:
  • 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

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