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Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5 cents for 2015. 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015.
The IRS said Thursday that beginning January 1, 2016, its standard mileage rate for the use of a personal vehicle for business purposes will be 54 cents per mile driven. Thatâs down 3.5 cents â and more than 5 percent â from the 2015 rate. In fact, itâs the lowest the rate has been since 2011, when it was 51 cents.