Posted by Steven M. Weber on 01.04.17
If you intend to use your vehicle for business, charitable activities, medical appointments, or moving during 2017, be aware that the optional standard mileage rates for computing the deductible costs have changed. Here are the rates to use to calculate reimbursements and deductions this year.
Business. Starting January 1, 2017, the rate is 53.5¢ per mile when you use your vehicle for business purposes.
Charitable. The standard per-mile rate for charitable service remains at 14¢.
Medical and moving. The rate for medical and moving mileage is 17¢ per mile.