The Deductible 2016 Mileage Rates for Business and Other Purposes

The IRS issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. What Does Gas Cost these Days Around the Country? The national average price of a gallon of regular unleaded gas was $1.85 on January 21, 2016. This is down from the average price of $2.04 per gallon a Continue Reading

IRS Mileage Rates for 2015 Announced

The IRS has issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.   What Gas Costs these Days The national average price of a gallon of regular unleaded gas was $2.62 on December 11, 2014. This is down from the average price of $3.25 per gallon a year Continue Reading