Standard Mileage Rate
Post Date: 12/18/17
Last Updated: 12/18/17
Summary
Cross References
- Rev. Proc. 2010-51
- Notice 2016-01
- Notice 2016-79
- Notice 2018-03
The IRS has released the 2018 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2018 standard mileage rates compared to the 2017 and 2016 tax year standard mileage rates.
- Rev. Proc. 2010-51
- Notice 2016-01
- Notice 2016-79
- Notice 2018-03
The IRS has released the 2018 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2018 standard mileage rates compared to the 2017 and 2016 tax year standard mileage rates.
| 2018 | 2017 | 2016 | |
| Business rate per mile | 54.5¢ | 53.5¢ | 54.0¢ |
| Medical and moving rate per mile | 18.0¢ | 17.0¢ | 19.0¢ |
| Charitable rate per mile | 14.0¢ | 14.0¢ | 14.0¢ |
| Depreciation rate per mile | 25.0¢ | 25.0¢ | 24.0¢ |
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