Due to the reduction in gasoline prices, the 2017 IRS Mileage rate will be 53.5¢ (Down from 54¢ per mile in 2016).
💰 53.5 cents per mile for business miles driven.
💰 17 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:
Q: Did you anticipate that the mileage rate would be lower?
Director and Blogger
Accounts Payable Professionals Group (APPG)