2017 Standard Mileage Rates for Business, Medical and Moving Announced » Mortgage Masters Group

Standard Mileage Rates for 2018 Up from Rates for 2017. IR-2017-204, Dec. 14, 2017. WASHINGTON The Internal revenue service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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If you don’t like it, move to a state with lower tax rates.-don weimelheimer rachel. most would benefit by filing the proposed $24,000 standard deduction. Deductions for mortgage interest and.

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The standard mileage rate 2017 is 53.5 cents per mile for all miles of business use (business standard mileage rate). The 2017 rate is a dip from the 2016 standard mileage rate of 54 cents per mile. Many factors go into the standard mileage rate, including the cost of gas. That’s likely why there was a decrease between 2016 and 2017.

The trade-off between reducing tax rates but curtailing deductions – such as the amount that homeowners can write off for their mortgage interest payments – means the impact will vary widely from one.

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (or a van, pickup.

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. source: 2017 standard mileage Rates for Business, Medical and Moving Announced

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