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IRS Announces 2018 Standard Mileage Rates

By | 2018-01-09T17:26:00+00:00 January 9th, 2018|Categories: On Our Minds|Tags: , , , |

The IRS has announced the 2018 optional standard mileage rates for computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes. Effective January 1, 2018, the standard mileage rates are as follows: - Business use of auto:  54.5 cents per mile may be deducted if an auto is used for [...]