Posts Tagged ‘MileageRates’

IRS Issues 2021 Standard Mileage Rates

Thursday, December 31st, 2020

A week ago the IRS announced the 2021 standard mileage rates:

  • $0.56 per mile for business use (was $0.575 per mile in 2020);
  • $0.16 per mile for medical/moving (was $0.17 per mile in 2020); and
  • $0.14 per mile for service of charitable organizations (unchanged from 2020).

These rates (except for the charitable driving rate) come from a study that the IRS has conducted every year determining the costs of operating cars. The charitable mileage rate is set by statute. With gasoline and insurance costs down in 2020, the standard mileage rates fall for 2021.

2018 Standard Mileage Rates Released

Thursday, December 14th, 2017

The IRS today announced the standard mileage rates for 2018:

  • $0.545/mile for business miles driven (up from $0.535/mile in 2015);
  • $0.18/mile for medical or moving purposes (up from $0.17/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!

2016 Standard Mileage Rates Released

Thursday, December 17th, 2015

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!

Standard Mileage Rates for 2010

Thursday, December 3rd, 2009

The IRS announced this morning the standard mileage rates for 2010. They are:

  • $0.50/mile for business miles ($0.55/mile in 2009)
  • $0.165/mile for medical and moving ($0.24/mile in 2009)
  • $0.14/mile for charitable purposes (unchanged; set by statute)

The details are in Revenue Procedure 2009-54.