2016 IRS Standard Mileage Rates

 

For tax year 2016, the standard mileage rates for the use of a vehicle (including vans, pickups or panel trucks) will be:

Purpose Rate Per Mile
Business $0.54
Medical $0.19
Moving $0.19
Charitable $0.14

NOTE: If you use the standard mileage rate, you may also be able to deduct parking fees, tolls, interest, and state and local taxes (other than gasoline taxes). Employees CANNOT deduct interest.

The "business" standard mileage rate CANNOT be used if:

  • You claimed actual expenses for the vehicle in a prior year,

  • You claimed any depreciation and/or a Section 179 expense deduction for the vehicle in a prior year, OR

  • You use FIVE or more vehicles at the same time, such as in fleet operations.