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5 Myths About the IRS Standard Mileage Rate

5 Myths About the IRS Standard Mileage Rate

IRS Mileage Rate Myths

The IRS recently announced the 2017 optional standard mileage deduction rate for domestic business drivers, a figure determined with the help of Runzheimer vehicle cost data. 

The new rate is down slightly from 2016 to $0.535 . The guidelines for applying this rate are critical for employees who use their personal vehicles for work, and must accurately report the associated expenses come tax season. 

Download this fact sheet to demystify some of the most common business driver misconceptions around standard mileage deductions, from how to define your "principal place of business" to applying the IRS rate across multiple jobs.

About Us

Founded in 1933, Runzheimer connects people, companies and their vehicles in ways that drive superior productivity and impactful business intelligence. We provide expertise, technology and world class customer service that empowers companies to move their businesses forward with confidence. As a result, our customers are able to better manage cost, reduce business risk and increase employee satisfaction in the mobile workplace.  Runzheimer is the leader in workforce mobility programs, designing and delivering business vehicle programs, relocation information services and business expense solutions. We are highly renowned and recognized for our market leading service delivery focus, an integral part of our corporate culture.

To learn more about Runzheimer, visit http://runzheimer.com.