2018 Mileage Rate
Standard Mileage Rates to Increase in 2018
The 2018 standard mileage rate used to calculate the deductible costs of operating a car for business purposes is to increase to 54.5 cents a mile, the Internal Revenue Service said Dec. 14 in a notice 2018-03.
Travel Mileage – When completing your Travel Expense Report, please take extra care to ensure that you have chosen the correct rate. There are different rates for business travel vs. relocation.