Subject:
Updated IRS Mileage Rates
Guidance:
The Internal Revenue Service issued new standard mileage rates for 2018. The standard rate for personal vehicle mileage is $.545, for motorcycle mileage is $.515 and moving mileage rate of $.180.
Reference:
Guide to Financial Operations
Chapter XIII, Section 4.C -Travel Mileage Rates
Chapter XIII, Section 8.A -Moving Mileage Rates