2016 Standard Mileage Rates Released

The IRS today announced the standard mileage rates for 2016:

  • $0.54/mile for business miles driven (down from $0.575/mile in 2015);
  • $0.19/mile for medical or moving purposes (down from $0.23/mile in 2015); and
  • $0.14/mile in service of a charitable organization (unchanged; set by statute).

You can either use this standard mileage rate or use actual expenses. Either way, it’s important to keep a mileage log!

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