IRS Announces 2018 Standard Mileage Rates
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 [...]
