IRS Lowers Mileage Rates (again) in 2017
The Internal Revenue Service recently issued the 2017 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning January 1, 2017 standard mileage rates for the use of cars, vans, pickup trucks, or panel trucks will lower to 53.5 cents per…