2017 Standard Mileage Rates

The IRS has released the 2017 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2017 standard mileage rates compared to the 2016 and 2015 tax year standard mileage rates.

Business rate per mile53.5¢54.0¢57.5¢
Medical and moving rate per mile17.0¢19.0¢23.0¢
Charitable rate per mile14.0¢14.0¢14.0¢
Depreciation rate per mile25.0¢24.0¢24.0¢