Tags: IRS

Federal Mileage Rate 2016: Business Mileage Rates

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Federal Mileage Rate 2016: Business Mileage Rates

The Mileage Rate 2016 is important for anybody looking for a driving-related deduction. This is also often called the Standard Mileage Rate and is worth 54 cents per mile for business-related drives in 2016. The federal mileage rate 2016 is:

  • 54 cents per mile for business mileage
  • 19 cents per mile for medical mileage or moving
  • 14 cents per mile for charity miles.