Standard Mileage Rates Reduced for 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.