2018 STANDARD MILEAGE RATES ANNOUNCED

2018 STANDARD MILEAGE RATES ANNOUNCED

Last week, the Internal Revenue Service  issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Beginning January 1, 2018, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) will be:

  • 54.5 cents for every mile of business travel driven
  • 18 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

The business mileage rate and the medical and moving expense rates increased 1 cent per mile each from the 2017 rates. The charitable rate is set by statute and remains unchanged.

In the alternative, taxpayers may calculate the actual cost of using their vehicle rather than using the standard mileage rates.

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Kevin Lennon
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We have relied on NAE for training and compliance support for several years and havealways been impressed with the professionalism ofthe organization. Their programs are informative, well organized,and extremely beneficial for employers and supervisors.
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janek ott
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Working with Thoran Towler has beena great experience. He is approachable, professional, and incrediblyknowledgeable about employment law and HRcompliance. His advice has helped our company navigate severalchallenging workplace situations successfully.
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Blake Wilbur
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NAE provides practical HR solutionsthat are actually useful for employers. Their guidance is realistic, timely, and tailoredto the challenges businesses face today. Thoran Towler has created an organization thattruly understands Nevada employers.
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Andrew Zellman
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The NAE Employers Conference was one of the best business events we have attended. The speakers were excellent, the topics werehighly relevant, and the event was extremely wellorganized. Thoran Towler and the NAE team created anoutstanding experience for attendees.
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Victoria Denise Peñalba
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Our organization has utilized several NAE services, including policy reviews,supervisor training, and HR consultations. Every interaction has been professional andhelpful. Thoran and his team consistently go above andbeyond to support Nevada employers.
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Shani Biju
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Thoran Towler is one of the most knowledgeable employment law professionals we haveworked with. He takes complicated HR and legal topics andexplains them in a practical, business focusedmanner that is easy to understand and apply.
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L T
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Great conference
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Stephanie Neuhart
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Having a wonderful time with team at NAE conference