Standard Mileage Rates Reduced For 2016

 

speedometer-498748__180● Business- Starting January 1, the standard mileage rate for driving a vehicle for business purposes is set at 54 cents per mile. That’s down from 57.5 cents in 2015.
● Medical and moving-The rate for medical and moving mileage decreases from last year’s 23 cents a mile to 19 cents a mile.
● Charity-The general rate for charitable driving remains at 14 cents a mile.