IRS 2016 Standard Mileage Rates

The IRS in Notice 2016-01 has announced the standard mileage rates for 2016. Due to the declining gas prices in 2015 the rates have taken a significant drop.

  • 54 cents per mile for business miles driven (down from 57.5 cents in 2015)
  • 19 cents per mile driven for medical or moving purposes (down from 23 cents in 2015)
  • 14 cents per mile driven in service of charitable organizations (fixed by Congress, never adjusted for inflation)
December 23, 2015 by Lee Reams Sr.
previous / next

Leave a comment

Please note: comments must be approved before they are published.