Accounts Payable Professionals: 2016 IRS Standard Mileage rate

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IRS mileage rate increases. The Internal Revenue Service has announced a higher standard mileage rate, impacting expense reimbursements and travel policies for 2026. Read the official IRS update →

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Wednesday, January 13, 2016

2016 IRS Standard Mileage rate

The IRS Standard Mileage rate has been adjusted lower for 2016 due to the reduction in gasoline prices. In 2015 it was 57.5¢ per mile, now it has been reduced to 54¢.

* 54 cents per mile for business miles driven.
* 19 cents per mile driven for medical or moving purposes.
* 14 cents per mile driven in service of charitable organizations

For more information, please review the IRS announcement:
https://www.irs.gov/uac/Newsroom/2016-Standard-Mileage-Rates-for-Business-Medical-and-Moving-Announced