Mileage Rates for 2018

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¢
Mileage Rates

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¢
Mileage Rates

Remember to properly document your mileage to receive full credit for your miles driven. We recommend using MileIQ for recording your miles. (Note that there might be additional fees involved)

Call Darshi Kasotia, CPA today at 832 532 3000 or Contact Us online now.

 

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