The IRS recently announced the 2016 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2016 the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
|
Type of Auto Use |
Standard Mileage Rate |
|
Business |
54 cents |
|
Charity |
14 cents |
|
Medical |
19 cents |
|
Moving |
19 cents |
Read more about this IRS notice.
Please contact a Hawkins Ash CPA professional with any questions.
I manage tax return preparation, review, and audits for businesses, individuals, and nonprofits. I also handle financial statements and provide accounting and payroll services to various industries. Additionally, I serve on the Firm's Estate and Trust Planning and Community Service Day Committees.
