2017 Standard Mileage Rates for Business, Medical and Moving announced mortgage masters Group The Internal Revenue Service (IRS) has released the 2017 optional standard mileage rates that employees, self-employed individuals, and other taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel.

Optional standard mileage rates for use of a vehicle will decrease for business, medical, or moving purposes in 2017, the IRS announced on Dec. 13. Advertisement Set annually by the IRS, taxpayers can use the standard mileage rates to calculate the deductible costs of operating an automobile.

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For tax year 2017, you can deduct 53.5 cents per mile you drive for work. This is known as standard mileage rate, and the IRS can change this rate annually. You may apply this rate for up to four cars at the same time, but not for any equipment you need to drive for work, such as a tractor or snowplow.

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2017 Standard Mileage Rates for Business, Medical and Moving Announced The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Personal tax credits, reliefs and exemptions Information about the tax credits, reliefs and exemptions that you may be entitled to and how to claim them.