Standard Mileage Rate

Post Date: 12/16/16
Last Updated: 12/16/16

Summary

Cross References
- Rev. Proc. 2010-51
- Notice 2016-79

The IRS has released the 2017 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 2017 standard mileage rates compared to the 2016 and 2015 tax year standard mileage rates.

2017 2016 2015
Business rate per mile 53.5¢ 54.0¢ 57.5¢
Medical and moving rate per mile 17.0¢ 19.0¢ 23.0¢
Charitable rate per mile 14.0¢ 14.0¢ 14.0¢
Depreciation rate per mile 25.0¢ 24.0¢ 24.0¢
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