Standard mileage rates reduced for 2016

Posted on Jan 10, 2016

● Business. Starting January 1, 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.