2016 Standard Mileage Rates

2016 Standard Mileage Rates

The IRS recently announced mileage rates to be used for travel in 2016. The Business mileage rate decreases by 3.5 cents while Medical and Moving mileage rates are lowered by four cents. Charitable mileage rates are unchanged.

2016 Standard Mileage Rates
Mileage Rate/Mile
Business Travel 54.0¢
Medical/Moving 19.0¢
Charitable Work 14.0¢
Mileage Rates

 

Here are the 2015 rates for your reference as well.

2015 Standard Mileage Rates
Mileage Rate/Mile
Business Travel 57.5¢
Medical/Moving 23.0¢
Charitable Work 14.0¢
Mileage Rates

Remember to properly document your mileage to receive full credit for your miles driven.

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