The standard mileage rates for business use of a vehicle will increase slightly in 2018.
For business use of a car, van, pickup truck, or panel truck, the rate for 2018 will be 54.5 cents per mile, up from 53.5 cents per mile in 2017. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.
The rate for medical or moving purposes is 18 cents per mile, which is one cent higher than for 2017.
The rate for service to a charitable organization is unchanged at 14 cents per mile.
The portion of the business standard mileage rate that is treated as depreciation will be 25 cents per mile for 2018, unchanged from 2017.