Standard Mileage Allowance Rate for 2017 Announced

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Published December 15, 2016

The IRS announced the 2017 standard mileage rate for business use of a personal vehicle, which is based on an annual study of the costs of operating an automobile.

New Mileage Rate for 2017

The new rate for business miles driven for travel taking place on or after January 1, 2017, is 53.5 cents per mile, down from 54 cents for 2016.

The travel office will automatically adjust any travel vouchers received for travel taking place in 2017 that has the 2016 rate and will email a scanned copy of the revised voucher to the individual identified on the voucher as the travel preparer.