News / Article

IRS Announces 2017 Mileage Rates For Taxes, Reimbursement Rates May Differ

Source: forbes.com - Dec 16, 2016

The Internal Revenue Service (IRS) has issued the 2017 optional standard mileage rates and beginning on January 1, 2017, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

53.5 cents per mile for business miles driven (down from 54 cents in 2016)
17 cents per mile driven for medical or moving purposes (down from 19 cents in 2016)
14 cents per mile driven in service of charitable organizations (fixed by Congress, never adjusted for inflation)

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Category: General Business