Monday, December 18, 2017

The IRS Standard Mileage rate has been adjusted 1 cent higher for 2018.



Due to the increased costs, the 2018 IRS Mileage rate will be 54.5¢ (Up from 53.5¢ per mile in 2017).

 💰 54.5¢ for every mile of business travel driven, up 1 cent from the rate for 2017.
💰 18¢ per mile driven for medical or moving purposes, up 1 cent from the rate for 2017.
💰 14¢ per mile that is driven the service of charitable organizations.

 For more information, please review the IRS announcement: 
IRS.GOV



Robert Ruhno
Director and Blogger
Accounts Payable Professionals Group (APPG)








at

2 comments:

Subscribe to: Post Comments (Atom)

The Steps to Becoming an Accounts Payable Professional

  Becoming an Accounts Payable (AP) Professional isn’t just about doing a job—it’s about adopting a mindset of excellence and growth. AP pro...