Back to top

Blog

Click here to go back

IRS Standard Mileage Rates for 2018

Posted by Mike Noon Posted on Dec 14 2017

https://secure.emochila.com/swserve/siteAssets/site10521/images/mileage-photo1_11675051_238x160.jpg

The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2018, 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.

 

Michael R. Noon, CPA, MSA

Partner

Prudhomme Associates CPAs

43460 Ridge Park Dr. Ste 220

Temecula, CA 92590

Tel: 951-676-3131

Fax: 951-676-4141

www.prudhommecpas.com

Add New Comment