IRS releases updated mileage rate for 2018

December 14, 2017

The Internal Revenue Service (IRS) has increased the standard mileage rate for businesses by one cent to 54.5 cents per mile for 2018. Medical and moving mileage rates also increased one cent to 18 cents per mile. For more info visit, https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017.