IRS Announced 2016 Standard Mileage Rates for Business, Medical and Moving

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

- 54 cents per mile for business miles driven, down from 57.5 cents for 2015

- 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015

- 14 cents per mile driven in service of charitable organizations

Weekly Tax Brief