Industry Note: New Savings for You As the IRS Mileage Reimbursement Rate Drops for CY 2017
If you base your travel reimbursement to employees on the IRS’s standard mileage rate, you’ll save a little money this year. The Internal Revenue Service rate has ticked down from 54 cents per mile last year to 53.5 cents in 2017, the agency said in a release.
For an overview of IRS mileage changes, visit https://www.irs.gov/uac/2017-standard-mileage-rates-for-business-and-medical-and-moving-announced.
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