Tax Resources

IRS Refund Tracking

2018 Standard Mileage Rates


The IRS has released the 2018 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or mov­ing expense purposes. The following chart reflects the new 2018 standard mileage rates compared to the 2016 and 2017 tax year standard mileage rates.

2018

2017

2016

2015

Business rate per mile

54.5¢

53.5¢

54¢

57.5¢

Medical and moving rate per mile

18¢

17.0¢

19¢

23¢

Charitable rate per mile

14.0¢

14.0¢

14.0¢

14.0¢

Depreciation rate per mile

23.0¢

23.0¢

22.0¢

22.0¢


Minimum Wage for Michigan changed to $9.25 per hour as of January 1, 2018