IRS Mileage Rates for 2018
Tuesday, April 24, 2018
In mid-December, the Internal Revenue Service (IRS) announced that the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 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.
The rates are slightly higher than 2017 and were effective as of January 1, 2018.
For additional information about other categories of mileage, and the full report, please refer to the IRS website.