On December 14, 2017, the IRS announced 2018 Standard Mileages Rates. More details are available in IRS Notice 2018-03.
- 54.5 cents per mile for business use (up from 53.5 cents in 2017)
- 14 cents per mile for charitable purposes (no change from 2017)
- 18 cents per mile for medical purposes (up from 17 cents in 2017)
If using the standard mileage rate for business in 2018, the IRS has deemed 25 cents (of 54.5 cents) to be treated as the depreciation portion.