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IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015!

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IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015!

IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015!

IRS announced the new 2016 tax-deduction rates for using your vehicle for

• Business use
• Charity work
• Medical-related use
• Moving (restrictions apply).

These rates tend to change every year, but they usually go UP. Unfortunately, not for 2016.

Vehicle-Use tax-deduction rates will DROP
in 2016:

• BUSINESS: 54¢ / mile (down from 57.5¢ in 2015)
• CHARITY: 14¢ / mile (same as 2015)
• MEDICAL: 19¢ / mile (down from 23¢ in 2015)
• MOVING: 19¢ / mile (down from 23¢ in 2015)

Does Offer in Compromise really work?

Under What Conditions Will The IRS Withdrawal A Lien?

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