IRS 2016 Standard Mileage Rates for Business
The Internal Revenue Service has issued the 2016 standard mileage rates used to calculate the deductible costs of operating an automobile for business. Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car, van, pickup, or panel truck will be:
- 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.
