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2018 IRS Mileage Rage

December 18, 2017

WASHINGTON ― The Internal Revenue Service issued the 2018 optional standard mileage rate used to calculate the deductible costs of operating an automobile for business purposes:

 

Beginning on January 1, 2018, the standard mileage rate 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.

 

Our 2018 Indemnity Tables will be updated to reflect 2018 updates. Please click the button below to have one mailed to you.

 

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