What’s New?

IRS Standard Mileage Rate for 2018

by D. Gregory Valenza | | 12/21/2017

The IRS issued a notice increasing the Standard Mileage Rate to $0.545, up from $0.535 in 2017.  This is the rate at which many employers reimburse employees for personal use of their vehicles. 

The new rate takes effect on January 1, 2018.  

The IRS notice is here


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