The IRS mileage rate for 2018 is 54.5 cents for every business mile, up 1 cent from last year. The standard mileage rate is an important figure for determining how large your mileage deduction will be.

What Does This Mean for MileIQ Users?

If you’re using MileIQ to automatically track and log your miles, you’re all set. MileIQ will automatically calculate the value of your miles based on the new rates in 2018. That’s right, you just do your job as you normally would and MileIQ will automatically create a mileage log for you.

If you’re still manually tracking your miles, you may want to give MileIQ a try—that way, you’ll have accurate mileage logs for your largest deduction yet.

What Are the Standard Mileage Rates for 2018?

The standard mileage rates for 2018 are:

  • 54.5 cents for every business mile, up 1 cent from 2017
  • 18 cents per mile for medical or moving, up 1 cent from 2017
  • 14 cents per mile for charity drives, which has been steady for a while.

How Do I Use The Business Mileage Rate On My Taxes?

Use the mileage rate to determine how much you can write off with the mileage deduction. Simply multiply the number of business miles by the 2018 rate to come up with your deduction amount.

What’s the Standard Mileage Rate Over Time?

The IRS determines the standard mileage rate using a variety of factors including gas prices. Here’s how the rate has changed over time:

YearRate per MileDates Covered
201854.5 cents1/01/18 - 12/31/18
201753.5 cents1/01/17 - 12/31/17
201654 cents1/01/16 - 12/31/16
201557.5 cents1/01/15 - 12/31/15
201456 cents1/01/14 - 12/31/14
201356 cents1/01/13 - 12/31/13
201255.5 cents1/01/12 - 12/31/12
201155.5 cents7/01/11 - 12/31/11
201151 cents1/01/11 - 6/30/11
201050 cents1/01/10 - 12/31/10

What’s the Medical Mileage Rate Over Time?

The medical mileage rate can shift over time. Note: the charity rate hasn’t changed in a long time.

YearRate per MileDates Covered
201818 cents1/01/18 - 12/31/18
201717 cents1/01/17 - 12/31/17
201619 cents1/01/16 - 12/31/16
201523 cents1/01/15 - 12/31/15
201423.5 cents1/01/14 - 12/31/14
201324 cents1/01/13 - 12/31/13
201223 cents1/01/12 - 12/31/12
201123.5 cents7/01/11 - 12/31/11
201119 cents1/01/11 - 6/30/11
201016.5 cents1/01/10 - 12/31/10

How Much Can You Deduct for Volunteer Mileage?

You can write off 14 cents per charity mile.

Can I Deduct Mileage For Taking My Child to Their Volunteer Activities?

No. The IRS doesn’t allow you to deduct expenses incurred for another person who provided services to a qualified organization.

How Is the Standard Mileage Rate Calculated?

The IRS calculates the standard mileage rate based on a variety of factors. This includes wear-and-tear, depreciation, gasoline prices and more.

How Often Does the Standard Mileage Rate Change?

Typically, the IRS adjusts the standard mileage rate once a year. Yet, if there’s high volatility with gas prices, the IRS can change the rate mid-year. Technically, the IRS could change it multiple times during a year if it found reasons to.

Download MileIQ to start tracking your miles »

How To Learn More About The Mileage Deduction

Marin Perez

Marin Perez

Marin is part of the marketing team at MileIQ. He's excited to see how entrepreneurs are using tools like MileIQ and Spend to be more successful. When not working, he's thinking about his next trip.
Marin Perez

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