IRS Releases 2018 Mileage Rates

December 15, 2017

The standard mileage rates for 2018 have been announced by the IRS:

  • 54.5 cents per mile for business travel (1 cent increase from 2017)
  • 18 cents per mile for medical or moving purposes (1 cent increase from 2017)
  • 14 cents per mile for charitable service purposes (no change from 2017)

These rates are used to determine the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Read more.


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