2016 Standard Mileage Rates Go Down

The highlights are here:
Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) went to:

• 54 cents per mile for business miles driven, down from 57.5 cents for 2015 (-3.5 cents/mile).
• 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015 (-4 cents/mile)
• 14 cents per mile driven in service of charitable organizations. Rate is based on statute.

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