The Internal Revenue Service (IRS) announced a one-cent increase in standard mileage rates for the 2018 calendar year, which became effective January 1.
- 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017
- 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017
- 14 cents per mile driven in service of charitable organizations
For more information, view the press release from the IRS.