The IRS issued 2018 standard mileage deductions for business, charitable, medical or moving purposes, up from 2017 rates. The final 2017 and 2018 rates are:
| Standard Mileage Deductions | 2017 | 2018 |
| Business Standard Mileage Rate | 53.5 cents | 54.5 cents |
| Medical Standard Mileage Rate | 17.0 cents | 18.0 cents |
| Moving Standard Mileage Rate | 17.0 cents | 18.0 cents |
| Charitable Serv Standard Mile Rate | 14.0 cents | 14.0 cents |
The AAII Tax Guide online has been updated with these new figures. You can keep up-to-date with the 2018 tax reform changes here at the AAII Blog.