2016 Standard Mileage Rates

The IRS has reduced the mileage rates in 2016. The rate for business mileage is now 54 cents per mile which is down from 57.5 cents per mile for 2015. Medical and moving mileage is now 19 cents per mile and charitable mileage is 14 cents per mile. The business mileage rate can be used for checking on rental properties too. Keep track of your trips to Goodwill to drop off donations of clothing and household goods and church volunteer work as the mileage is deductible at 14 cents per mile.