2017 Standard Mileage Rates for Business, Medical and Moving Announced » Mortgage Masters Group

Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (or a van, pickup or panel truck) are: 53.5 cents per mile for business miles driven (including a 25-cent-per-mile allocation for depreciation). This is down from 54.0 cents in 2016; 17 cents per mile driven for medical or moving purposes.

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Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) are: 53.5 cents per mile for business miles driven, down from 54 cents in 2016 17 cents per mile driven for medical or moving purposes, down from 19 cents in 2016

Optional standard mileage rates for use of a vehicle will decrease for business, medical, or moving purposes in 2017, the IRS announced on Dec. 13. Set annually by the IRS, taxpayers can use the standard mileage rates to calculate the deductible costs of operating an automobile.

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The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Source: 2017 Standard Mileage Rates for Business, Medical and Moving Announced

Standard Mileage Rates Decrease in 2017 for Business, Medical, and Moving purposes (parker tax publishing december 2016) The IRS issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

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The optional standard mileage rates for business use of a vehicle will drop slightly in 2017, the second consecutive annual decline, the IRS announced Thursday (Notice 2016-79).For business use of a car, van, pickup truck, or panel truck, the rate for 2017 will be 53.5 cents per mile, down from 54 cents per mile in 2016.

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