The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile.
2018 Standard Mileage Rates |
Mileage |
Rate/Mile |
|
|
Business Travel |
54.5¢ |
Medical/Moving |
18.0¢ |
Charitable Work |
14.0¢ |
|
|
|
Here are 2017 rates for your reference as well.
2017 Standard Mileage Rates |
Mileage |
Rate/Mile |
|
|
Business Travel |
53.5¢ |
Medical/Moving |
17.0¢ |
Charitable Work |
14.0¢ |
|
|
|
Remember to properly document your mileage to receive full credit for your miles driven.