The Internal Revenue Service issued the 2017 optional standard mileage rates
used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
A 'reserve rate' of reimbursement to replace the public transport rate (PTR) which would be 50% of the proposed new standard mileage rate
The IRS issued the 2013 optional standard mileage rates
used to determine deductible costs of operating a car for business, charitable, medical, or moving purposes.
A simplified Form 2106-EZ may be used in certain situations using the standard mileage rate
There generally are two methods to figure deductible expenses: standard mileage rate
(for 2005, the Internal Revenue Service set this at 40.
Individuals who use their vehicles for business can deduct a standard mileage rate
for such use.
If you use your car for business, you can deduct your actual expenses or rely on an IRS standard mileage rate
Mileage: The Internal Revenue Service standard mileage rate
for business use increased to 34.
The standard mileage rate
for the cost of operating your car, van, pickup or panel truck in 2000 is 32.
Also, the standard mileage rate
for deducting business automobile expenses increased to 57.
For more information, see Notice 2013-80, which contains the standard mileage rates
, the amount taxpayers must use to calculate reductions to basis for depreciation taken under the business standard mileage rate
, and the maximum standard automobile cost taxpayers may use to calculate the allowance under a fixed and variable rate plan.