Standard Mileage Rates Reduced for 2016

1/7/2016

Beginning January 1, 2016, the new published mileage rates are as follows:

Business. The standard mileage rate for driving a vehicle for business purposes is set at 54 cents per mile. That’s down from 57.5 cents in 2015.
Medical and moving. The rate for medical and moving mileage decreases from last year’s 23 cents a mile to 19 cents a mile.
Charity. The general rate for charitable driving remains at 14 cents a mile.

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Successfully meeting the challenges inherent to new and smaller businesses provides me with a special type of satisfaction.

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