2016 Standard Mileage Rates

By |2021-01-28T21:10:58+00:00January 12th, 2016|Tax Law, Uncategorized|

The IRS recently announced the new 2016 standard mileage rates to be used for travel. The standard business mileage rate is decreased by 3.5 cents while Medical and moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged. 2016 Standard Mileage Rates Lower gas prices - good news; lower IRS standard mileage [...]