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Tax Guide Update: 2018 Standard Mileage Deductions Issued

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.

 

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