EXPRESSMILEAGE NEWS

IRS Standard Deduction Rate for 2017

mileage-reimbursement

For 2017 – the IRS has lowered the standard mileage rates for the use of a car for business purposes by a half of a cent.

From the IRS’s Aug 6th, 2017 press release:

Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents per mile for business miles driven, down from 54 cents for 2016. 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016

 

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