2017-12-27

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.

201820172016
Business rate per mile54.5¢53.5¢54.0¢
Medical and moving rate per mile18.0¢17.0¢19.0¢
Charitable rate per mile14.0¢14.0¢14.0¢
Depreciation rate per mile25.0¢25.0¢24.0¢

2017-01-04

2017 Standard Mileage Rates


The IRS has released the 2017 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 2017 standard mileage rates compared to the 2016 and 2015 tax year standard mileage rates.

201720162015
Business rate per mile53.5¢54.0¢57.5¢
Medical and moving rate per mile17.0¢19.0¢23.0¢
Charitable rate per mile14.0¢14.0¢14.0¢
Depreciation rate per mile25.0¢24.0¢24.0¢