IRS announces mileage rates for 2016

Beginning on Jan. 1, 2016, the standard mileage rates for the use of a vehicle will be:

-54 cents per mile for business miles driven, down from 57.5 cents in 2015
-19 cents per mile driven for medical or moving purposes, down from 23 cents in 2015
-14 cents per mile driven in service of charitable organizations, steady from 2015

For more information, please visit the IRS website.