IRS Business Mileage Rate Increased for 2018

IRS Business Mileage Rate Increased for 2018

On December 14, 2017, the Internal Revenue Service announced that the standard mileage rates for business will be increased for 2018. For the year 2018, the optional standard mileage rate will be 54.5 cents per mile. Taxpayers have the option of using the optional...
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