2018 IRS Mileage Rate has increased to 54.5 cents-per-mile

Written by mBurse Team Member Dec 14, 2017 4:51:00 PM

The IRS just issued the new mileage rates for 2018. The 2018 mileage rate has increased from 53.5 cents per mile to the new rate of 54.5 cents-per-mile.

This rate is calculated based on an annual study of last years average fixed and variable costs of operating an automobile. To see all of the rate changes for 2018 please visit https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017.

If you are looking for alternatives to the IRS mileage rate or looking for your own fixed and variable rates feel free to contact us or visit mburse.com/solutions today.
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