The Internal Revenue Service has issued the 2017 optional standard mileage rates.

The IRS has increased the standard mileage rate for business purposes, but lowered the rate for medical or moving purposes.

The Internal Revenue Service releases deductible mileage rates each year. In case you haven’t heard, the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes:

If you drive to college classes, your commuting expenses are an often overlooked deduction. For 2010, you can use the standard mileage rate of 50 cents per mile plus tolls and parking fees for education-related travel.

If you use your car or truck in your job or business, and are not reimbursed for the expenses, you probably know you are entitled to take a mileage deduction for the business miles that you drive. The 2009 Business mileage deduction is 55¢ per mile. You may not be aware, however, there are other possible mileage deductions as well.