Sometimes, a chart or a graph says everything about inflation and economics I want to say. This chart says everything that I could hope to say – particularly if you look at 3 different rates in the past 13 months.
Standard Mileage Rate
The following table specifies the standard mileage rate for specific tax years and date ranges within tax years.
Year | Standard mileage rate | Depreciation rate per mile |
2023 | 0.655 | 0.280 |
7/1/22 – 12/31/22 | 0.625 | 0.260 |
1/1/22 – 6/30/22 | 0.585 | 0.260 |
2021 | 0.560 | 0.260 |
2020 | 0.575 | 0.270 |
2019 | 0.580 | 0.260 |
2018 | 0.545 | 0.250 |
2017 | 0.535 | 0.250 |
2016 | 0.540 | 0.240 |
2015 | 0.575 | 0.240 |
2014 | 0.560 | 0.220 |
2013 | 0.565 | 0.230 |
2012 | 0.555 | 0.230 |
7/1/11 – 12/31/11 | 0.555 | 0.220 |
1/1/11 – 6/30/11 | 0.510 | 0.220 |
2010 | 0.500 | 0.230 |
2009 | 0.550 | 0.210 |
7/01/08 – 12/31/08 | 0.585 | 0.210 |
1/01/08 – 6/30/08 | 0.5050 | 0.210 |
2007 | 0.485 | 0.190 |
2006 | 0.445 | 0.170 |
9/01/05 – 12/31/05 | 0.485 | 0.170 |
1/01/05 – 8/31/05 | 0.405 | 0.170 |
2004 | 0.375 | 0.160 |
2003 | 0.360 | 0.160 |
2002 | 0.365 | 0.150 |
2001 | 0.345 | 0.150 |
2000 | 0.325 | 0.140 |
4/1/99 – 12/31/99 | 0.310 | 0.120 |
1998 – 3/31/99 | 0.325 | 0.120 |
1997 | 0.315 | 0.120 |
1996 | 0.310 | 0.120 |
1994 – 1995 | 0.300 | 0.120 |
1992 – 1993 | 0.300 | 0.115 |
1989 – 1991 | 0.300 | 0.110 |
1988 | 0.300 | 0.105 |
1987 | 0.300 | 0.100 |
1986 | 0.300 | 0.090 |
1983 – 1985 | 0.300 | 0.080 |
1982 | 0.300 | 0.075 |
1980 – 1981 | 0.300 | 0.070 |