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.

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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