2018 Mileage Rates Announced

On December 14, the IRS announced the 2018 mileage rates. The business mileage rate has been increased from $0.535/mile in 2017 to $0.545/mile in 2018. The final move deductible rate has also been increased from $0.17/mile in 2017 to $0.18/mile in 2018.

Please keep in mind that if tax reform passes, then all final move mileage (along with all shipment, storage, and final move costs) will be taxable in 2018 with the likely exception of military moves. The charitable mileage rate remains unchanged at $0.14/mile. See all of the details here: IRS Notice 2018-03.

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