2016 IRS Mileage Allowance

December 16, 2015

The IRS has announced the new standard mileage rates for 2016. The standard mileage rate will decrease to 54¢ per mile for business miles driven beginning January 1, 2016, down from 57.5¢ in 2015.

Additionally, the 2016 mileage rate for using a car to get medical care or mileage incurred in connection with a move that qualifies under the moving expense deduction will decrease to 19¢ per mile, down from 23¢ in 2015.

The mileage rate for driving an automobile for charitable purposes during 2016 will remain unchanged at 14¢.