2018 Mileage Rates Announced
The IRS recently released the standard mileage rates for 2018. These increased slightly from last year’s amounts:
- 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017.
- 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017.
- 14 cents per mile driven in service of charitable organizations.
Details can be found here.
