IRS standard mileage rates increase for 2018

Effective Jan. 1, 2018, the standard mileage rates will be as follows:

  • 54.5 cents per mile for business miles driven, up from 53.5 cents per mile for 2017
  • 18 cents per mile for medical or moving expenses, up from 17 cents for 2017

Please note that expense reports for miles driven in 2017 will be reimbursed in 2018 at the 2017 rate, and expense reports for miles driven in 2018 will be reimbursed at the 2018 rate.

For questions, please contact accounts payable at 529-9200.