2018 IRS Mileage Allowance

The IRS has announced the new standard mileage rates for 2018.  The standard mileage rate will increase to 54.5¢ per mile for business miles driven beginning January 1, 2018, up from 53.5¢ in 2017.

Additionally, the 2018 mileage rate for medical or moving purposes increased to 18¢ per mile, up from 17¢ in 2017.

The mileage rate for driving an automobile for charitable purposes during 2018 will remain unchanged at 14¢.