Mileage Rate Down for 2017

Business owners will see some adjustments to the popular deductions for mileage and the Section 179 deduction.  The standard mileage rate for business travel drops 1/2 cents per mile to 53.5 cents for 2017.

Up to $510,000 of qualified business capital purchases can be expended in 2017 using the Section 179 deduction.

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