2017 Standard Mileage Rates for business, Medical and Moving Announced

December 13, 2016

Mileage rates used to calculate the deductible costs of operating an automobile for business, medical or moving purposes has been revealed for 2017 by the IRS. 


Starting on January 1, 2017 the standard rate will be: 

- 53.5 Cents per mile for business miles driven

- 17 cents per mile for for medical or moving expenses


The rates has decreased compared to prior year and taxpayers always have the option to elect to deduct the actual cost of using their vehicle rather than using the standard mileage rates.  

Share on Facebook
Share on Twitter
Please reload

Featured Posts

2017 is most certain to be a crucial year. With the election of Donald Trump as the president of the united states, many tax reforms are expected to i...

New Administration and GOP- Controlled Congress Expected to Move Fast With Tax Cuts Package.

December 21, 2016

Please reload

Recent Posts
Please reload

Please reload

Search By Tags
Please reload



(646) 838-0738




85 Broad Street, 27th Floor

New York, NY 10004

  • Facebook Social Icon
  • LinkedIn Social Icon
  • Google+ Social Icon
  • Yelp Social Icon