Mileage Rate Change, January 1, 2018
Summary
The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed effective January 1st, 2018
Full Description
The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed. Beginning on January 1, 2018, the standard mileage rates are:
* 58 cents per mile for business miles driven
* 20 cents per mile driven for moving and relocation purposes
The rates have increased from the 2017 rates. We will begin to apply this rule for all Travel commencing on January 1, 2018.