IRS Lowers Mileage Rates for 2017
IRS Lowers Mileage Rates for 2017
The 2017 standard mileage rates to calculate the deductible cost of operating your vehicle for business, medical or moving were recently released. As of January 1, 2017 the rates for use of your car are as follows:
- 53.5 cents per mile for business, down from 54 cents
- 17 cents per mile for medical or moving, down from 19 cents
- 14 cents for each mile driven in service of a charitable organization