The IRS has posted the standard mileage rates for 2018. New rate for transportation and reimbursements is 54.5 cents. That is up a penny from 53.5 cents in 2017.
According to IRS comments in Notice 2018-03:
The IRS has announced the following standard mileage rates for 2013:
- 56.5 cents per mile for business miles driven
- 24 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
IRS announced new standard mileage rates for 2012 in Notice 2012-1:
55.5 cents per mile for all miles of business use (business standard mileage rate).
23 cents per mile for use of an automobile …for medical care
23 cents per mile for use …as part of a move for which the expenses are deductible
14 cents per mile for use of an automobile in rendering gratuitous services to a charitable organization
The IRS announced an increased mileage rate for the last half of 2011 due to high fuel costs.
Starting 7-1-11, the optional rate for business use of vehicles is 55.5 cents per mile. For medical and moving the optional rate is 23.5 cents per mile.