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IRS Mileage Rate for 2016

WASHINGTON — The IRS has announced that the business standard mileage rate for transportation expenses paid or incurred beginning January 1, 2016, will be 54 cents per mile. This business mile rate is a slight decrease from 2015 (which was 57.5 cents per mile).  For additional information about other categories of mileage, and the full report, please refer to the IRS website.