The IRS just issued the standard mileage rates for 2018, and the latest figures are a departure from what HR pros are probably used to seeing from the feds.
After several years of decreasing the rates, the IRS is bumping up the mileage rates for 2018.
This year, the standard mileage rate increased to 54.5 cents for each mile driven for business purposes, an increase of one cent from 2017’s amount.
In addition to the standard rate, the feds bumped the mileage rate for medical or moving purposes by a cent as well. For 2018, the medical or moving