IRS releases 2018 mileage rates

The Internal Revenue Services has released  reimbursable mileage rates for 2018.

Business standard mileage rate is $0.545 (54.5 cents) per mile (up 1 cent from 2017)

Medical or Moving standard mileage rate is $0.18 (18 cents) per mile (up 1 cent from 2017)

Charitable standard mileage rate is $0.14 (14 cents) per mile (unchanged from 2017 as this is set by Congress)

The release can be downloaded here:  https://www.irs.gov/pub/irs-drop/n-18-03.pdf

The tax bill currently at work in Congress may adjust these.