IRS Lowers Mileage Reimbursement Rate

The U.S. Internal Revenue Service’s reimbursement rate for business mileage on a personal car has dropped for the second year in a row and the fifth time in 16 years. As of January 1st, the rate is now 53.5 cents, down from 54 cents in 2016 and 57.5 cents in 2015. Read more.