Standard mileage rates for
deductible vehicle expenses have decreased from the 2015 rates. Here are the
rates to use to calculate 2016 reimbursements and deductions.
Business. Starting January 1, the rate is 54 cents per mile for the
use of a vehicle for business purposes. 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.
Charitable. The standard per-mile rate for charitable service
remains at 14 cents.
