Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 53.5 cents per mile for business miles driven, down from 54 cents for 2016
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.
FAES Travel Forms have been updated with the new mileage rate.
Resources: FAES Travel Forms