McVay Business Services - Accounting & Tax Services Pensacola, FL
Attention drivers, the 2017 standard mileage rates have been released. The IRS announced the rates today, which are used for determining the deduction for the costs of operating a vehicle for various business, charitable, moving, or medical reasons.
What are the changes for 2017?
Starting January 1st 2017, the standard mileage rates (for use of a car, van, pickup or panel truck) are:
There are various factors that influence the standard mileage rates, including:
How can I reduce my fuel consumption?
Looking for ways to save money and reduce fuel consumption? There are a few things you can do to make the most out of a tank of gas:
No, taxpayers always have the option to claim deductions based on the actual costs of using a vehicle, as an alternative to using the standard mileage rates.
Call Mike McVay you have any questions about the 2017 standard mileage rate in Pensacola,FL at 850-725-5696
1720 W Fairfield Dr, Ste 506 Pensacola, FL 32501
Mike McVay, Tax Accountant Blog
Certified QuickBooks ProAdvisor & Licensed Tax Accountant Pensacola, FL
©2021 this website and all of its sub domains are owned and operated by
Subscribe to our newsletter