The optional standard mileage rates for business use of a
vehicle will increase slightly in 2018, after decreasing in the two previous
years, the IRS announced Thursday (Notice 2018-3). 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.
Read More: https://www.journalofaccountancy.com/news/2017/dec/2018-irs-standard-mileage-rates-201718061.html
Questions: http://www.rehcpas.com/
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