By Mary Ellen Schill
December 13, 2016
On December 13, 2016 the IRS issued its standard mileage rates for 2017. Each year (sometimes more frequently than that in times of price volatility) the IRS announces the standard mileage rates for determining the deductible cost for operating automobiles for various purposes, including business, medical, and charitable purposes. Employers often base their employee reimbursements on the IRS standard mileage rate, which will go from 54 cents per mile in 2016 to 53.5 cents per mile in 2017.
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