2017 Standard Mileage Rates for Business, Medical and Moving Announced » Mortgage Masters Group

2017 Standard Mileage Rates for Business, Medical and Moving Announced . IR-2016-169, Dec.13, 2016 . WASHINGTON – The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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As it does every year, the Internal Revenue Service recently announced the inflation – adjusted 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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The standard mileage rate 2017 is 53.5 cents per mile for all miles of business use (business standard mileage rate). The 2017 rate is a dip from the 2016 standard mileage rate of 54 cents per mile. Many factors go into the standard mileage rate, including the cost of gas.

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2017 irs mileage rate: What You Need to Know. 2017 . The standard mileage rate for 2017 was recently announced by the IRS, advising taxpayers of the optional cents per mile reimbursement rate for the year.. The IRS also determined 17 cents per mile rate for medical or moving purposes and.