The IRS announced beginning January 1, 2016 that the business standard mileage rate will be 54 cents per mile. This rate is down from the 2015 rate of 57.5 cents-per-mile.
Contact Cardinal Services to let us know what mileage rate you’d like to offer your employees in 2016 so we can be sure to make the change effective for travel on or after January 1st.
Note: The standard mileage rate for operating a passenger car for charitable purposes will stay at 14 cents per mile in 2016.