2016 Mileage Rates

The IRS has reduced mileage rates for 2016.

Business Rate

For taxpayers using their personal vehicle for business purposes, the mileage rate in 2014 was 56 cents a mile, in 2015 the rate increased to 57.5 per mile.

For 2016 primarily as a result of lower fuel costs the rate is reduced to 54 cents per mile.

Medical/Moving

The rate relating to medical or moving was 23.5 cents per mile in 2014 and 23.0 cents per in 2015.  The rate for 2016 is 19 cents per mile.

Charitable Rate

The rate for mileage related to Charitable Contributions is set by Congress, rather than the IRS, and remains at 14 cents per mile.

 

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