IRS releases new standard mileage allowances

These rates can be used by employers as a safe harbor amount to reimburse employees or by those engaging contractors and reimbursing their expenses.

They can also be used by self-employed taxpayers for their qualified transportation costs.

Lastly, for moving expenses, charitable activity, and medical travel, rates can be used by individuals as a part of their personal deductions, as well as by charities seeking to reimburse volunteers.