Mileage Rate - Depreciation Element

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  • Snaggletooth
    Senior Member
    • Jun 2005
    • 3314
    #1

    Mileage Rate - Depreciation Element

    I don't really wish to wait for the issuance of TTB to find out the depreciation element in the standard mileage rate.

    Can anyone supply this? Roland Slugg usually announces stuff like this, but he has been conspicuously absent from the forum in recent weeks.

    I suspect the depreciation portion of the 53.5 cents may be between 23 and 25 cents.
    Tags: None
    • TaxGuyBill
      Senior Member
      • Oct 2013
      • 2321
      #2
      It is 25 cents for 2017.

      https://www.irs.gov/pub/irs-drop/n-16-79.pdf

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        • Snaggletooth
          Senior Member
          • Jun 2005
          • 3314
          #3
          Thanks for this

          TaxGuyBill, you are obviously one of the prudent and helpful names left off a recent list. Thanks for the information.

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