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Category: Business Expenses

FAQs About IRS Mileage Deductions 2018

What is the IRS Standard Mileage Rate in 2018? If you choose to use the Standard Mileage Rate method of deduction set by US Government Agency, the Internal Revenue Service (IRS), you will use the following rates for deduction; Business mileage at 54.5 cents per mile Medical miles at 18 cents per mile Charity miles at […]

What is the Standard Mileage Rate for 2018?

In the United States, the Internal Revenue Service (IRS) has a standard mileage rate that is used to calculate deductible expenses for running a car. The rate is specifically computed to help people who regularly drive for business purposes to calculate their costs and then deduct them from their taxes. The standard mileage rate includes the […]

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