Business Standard Mileage Rate Decreases for 2017

By December 15, 2016HR, Private

Starting January 1, 2017. The Notice also provides the 2017 maximum standard automobile cost that may be used to compute the allowance under a fixed and variable rate (FAVR) plan.

Specifically, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

  • 53.5 cents per mile for business miles driven (down from 54 cents per mile in 2016);
  • 17 cents per mile driven for medical or moving purposes (down from 19 cents in 2016); and
  • 14 cents per mile driven in a passenger car in performing charitable services (set by law and unchanged).

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