Standard Mileage Rate

Post Date: 12/23/15
Last Updated: 12/23/15

Summary

Cross References
- Rev. Proc. 2010-51
- Notice 2016-1

The IRS has released the 2016 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2016 standard mileage rates compared to the 2015 and 2014 tax year standard mileage rates.

2016 2015 2014
Business rate per mile 54.0¢ 57.5¢ 56.0¢
Medical and moving rate per mile 19.0¢ 23.0¢ 23.5¢
Charitable rate per mile 14.0¢ 14.0¢ 14.0¢
Depreciation rate per mile 24.0¢ 24.0¢ 22.0¢
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