IRS Announces 2017 Standard Mileage Rates

December 23, 2016

The IRS has announced the 2017 optional standard mileage rates for computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes.

Effective January 1, 2017, the standard mileage rates are as follows:

  • Business use of auto: 53.5 cents per mile may be deducted if an auto is used for business purposes
  • Charitable use of auto: 14 cents per mile may be deducted if an auto is used to provide services to a charitable organization
  • Medical use of auto: 17 cents per mile may be deducted if an auto is used to obtain medical care (or for other deductible medical reasons)
  • Moving expense: 17 cents per mile may be deducted if an auto is used to move to a new home in connection with the start of work at a new job location

You can read IRS Notice 2016-79 here.

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