Mileage tax-deduction amounts
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Americans love automobiles. The IRS even shares the national motoring madness by annually adjusting most of the standard mileage rates taxpayers can use to claim certain types of road trips as tax deductions.
The annual adjustments are based on inflation, as well as the IRS' yearly study of the fixed and variable costs of operating a vehicle.
Below are the adjusted per-mile amounts you can claim for different types of tax-deductible travel in 2015, as well as 2016 rates for your planning purposes.
Mileage rate deductions
|2015 per-mile rates||57.5 cents||23 cents||23 cents||14 cents|
|2016 per-mile rates||54 cents||19 cents||19 cents||14 cents|
While the reimbursement rate for business mileage, as well as qualified moving and medical travel, is adjusted annually for inflation, the rate allowed for miles driven in aid of a charity is set by statute at 14 cents per mile. In times of extraordinary disaster, Congress has increased the standard mileage rate for miles driven in connection with a specific charitable cause, as was the case following Hurricane Katrina in 2005. However, such changes are temporary.