2017 Standard Mileage Rates for Business, Medical and Moving Announced » Mortgage Masters Group

Optional standard mileage rates for use of a vehicle will decrease for business, medical, or moving purposes in 2017, the IRS announced on Dec. 13. Advertisement Set annually by the IRS, taxpayers can use the standard mileage rates to calculate the deductible costs of operating an automobile.

The business mileage rate decreased half a cent per mile and the medical and moving expense rates each dropped 2 cents per mile from 2016. The charitable rate is set by statute and remains unchanged. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.

The business mileage rate decreased half a cent per mile and the medical and moving expense rates each dropped 2 cents per mile from 2016. The charitable rate is set by statute and remains unchanged. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.

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Standard Mileage Rates Decrease in 2017 for Business, Medical, and Moving Purposes (Parker Tax Publishing December 2016) The IRS issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

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Looking for an easy way to keep track of your business, medical, charitable, and moving mileage? Signup for MileagePad, and never lookup the irs standard mileage rates again!. The IRS Standard Rates for 2017 Mileage