New IRS Mileage Rates for 2017
Beginning January 1, 2017, the new standard IRS mileage rates are: (a) $0.535/mile for business miles driven; (b) $0.17/mile for medical or moving purposes; and (c) $0.14/mile for service to charitable organizations. Employers that use the standard IRS rates for employee reimbursement purposes should review and adjust their…