The IRS released the mileage rates for 2017 in Notice 2016-79. The standard business rate is set at 53.5¢ per mile (down from 54¢ per mile for 2016). The charitable mileage rate is set at 14¢ per mile (unchanged from 2016). The standard mileage rate for medical care under §213 or for moving under §217 is set at 17¢ per mile (down from 19¢ for 2016).

The portion of the standard mileage rate treated as depreciation for an automobile used for business is 23 cents for 2013, 22 cents for 2014, 24 cents for 2015, 24 cents for 2016 and 25 cents for 2017.

For purposes of computing the allowance under a fixed and variable rate allowance, the standard automobile cost for 2017 may not exceed $27,900 for automobiles (excluding trucks and vans) and $31,300 for trucks and vans.

In News Release IR-2016-169 which was issued with the notice the IRS reminds taxpayers that the standard business mileage rate may not be used for a vehicle when the taxpayer had previously claimed accelerated depreciation or §179 expensing for the vehicle, nor may it be claimed on more than four vehicles.