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19 Jan IRS Standard Mileage Rate in Vehicles Deductible Costs

IRS announced the 2016 standard mileage rates on December 23, 2015 for computing deductible costs of operating an automobile for business, charitable, medical or moving purposes.  The below table shows the 2016 rates, with 2015 and 2014 rates for comparison:- 2016 2015 2014 Business rate per mile $0.54 $0.575 $0.56 Medical & Moving...

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