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Mike DiSabatino CPA

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2016 Mileage Rates Now Established

2016 Mileage Rates Now Established

2016 Mileage Rates Now Established

The IRS recently announced mileage rates to be used for travel in 2016. The Business mileage rate decreases by 3.5 cents while Medical and Moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged.

2016 New Mileage Rates

Standard Mileage Rates
Mileage Rate/Mile
   
Business Travel 54.0¢
Medical/Moving 19.0¢
Charitable Work 14.0¢
Mileage Rates

Here are 2015 rates for your reference as well.

2015 Mileage Rates

Standard Mileage Rates
Mileage Rate/Mile
   
Business Travel 57.5¢
Medical/Moving 23.0¢
Charitable Work 14.0¢
Mileage Rates

Remember to properly document your mileage to receive full credit for your miles driven.

Please give us a call to discuss this or any of our other topics with you, so we can address your specific requirements.

DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com

This publication provides summary information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here.  All rights reserved.

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