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FAQ – New Mileage Rates for 2017

Tax Deductions - MileageBeginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven
  • 17 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

The maximum standard automobile cost that may be used in computing the allowance under a fixed- or variable-rate plan decreases to $28,000 for automobiles (excluding trucks and vans). The rate for trucks and vans actually increases to $31,000.

Source: IRS News Release and Notice