The IRS recently announced mileage rates to be used for travel in 2016. The Business mileage rate decreases by 3.5 cents while Medical and Moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged.
2016 New Mileage Rates
| Standard Mileage Rates |
| Mileage |
Rate/Mile |
|
|
| Business Travel |
54.0¢ |
| Medical/Moving |
19.0¢ |
| Charitable Work |
14.0¢ |
|
|
 |
Here are 2015 rates for your reference as well.
2015 Mileage Rates
| Standard Mileage Rates |
| Mileage |
Rate/Mile |
|
|
| Business Travel |
57.5¢ |
| Medical/Moving |
23.0¢ |
| Charitable Work |
14.0¢ |
|
|
 |
Remember to properly document your mileage to receive full credit for your miles driven.
