IRS Mileage Rate for 2017

IRS Mileage Rate for 2017


Ross Williams

12/15/2016

Dear Pastors and Treasurers,

The Internal Revenue Service has issued the 2017 standard mileage rates used to calculate the deductible costs of operating an automobile for business or charitable purposes.
Beginning on January 1, 2017, the standard mileage rates will be:

  • 53.5 cents per mile for business miles driven down from 54.0 cents in 2016. This rate represents the maximum rate an organization can reimburse an employee without the reimbursement being treated as taxable income.
  • 14.0 cents (unchanged) per mile driven in service of charitable organizations. This represents the rate an individual (not an employee) can use on their tax return to deduct miles driven in service of a charitable organization.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.

Sincerely, Ross