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2017 IRS Mileage Rate

Posted by Barry Rubin on 1/9/2017
2017 IRS Mileage Rate

The 2017 IRS mileage rate is down half a cent to $.535 from last year. If you are driving for medical or moving purposes the rate is $.17 down from $.19 for 2016. The mileage rate for volunteers is also down, to $.14 per mile, but if you’re lucky enough to have a private jet, that rate is $1.17 per mile.

As always you will have the option of calculating the actual costs of using your car (or plane) rather than using the above mileage rates.

But you may not use the business standard mileage rate after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction.

If you are one of the 2,748,978 civilian federal employees then your mileage rate is set by the GSA which by law cannot exceed the mileage rate set by the IRS. In 2017 the GSA rate is $535, the same rate set by the IRS.

Time Clock Systems offer paperless mileage expense tracking that integrate with billing & job costing providing verifiable continuity of data between your time and mileage reporting by employee, department or job, so you stay in compliance and know your costs exactly, in real time.