5 Myths About the IRS Standard Mileage Rate

The Internal Revenue Service recently announced that the 2017 optional standard mileage deduction rate (based in part on Runzheimer's annual vehicle cost data) for domestic business drivers will be 53.5 cents-per-mile.

Aside from being a key figure for businesses with formal employee vehicle reimbursement programs, the new rate has implications for the millions of employees who use their own cars for work, and must accurately deduct their business driving expenses for tax purposes.

Read this tip sheet for a quick rundown of what types of driving qualify for the IRS Standard Mileage Rate and other important information to help clear up taxpayer misconceptions.

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Equo for Fleet Overview
Equo for Fleet Overview

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Making the Most of Your Business Vehicle Program in 2017
Making the Most of Your Business Vehicle Program in 2017

Read this tip sheet for four considerations to help your organization make the most of its business vehicle...

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