As of January 1, 2018, the Standard Mileage Rates changed to the following:
- 54.5 cents per mile for business miles driven, an increase of 1 cent from 2017
- 18 cents per mile for purpose of relocation, an increase of 1 cent from 2017
For more information on this change, please visit the IRS webpage.
These rates will also be displayed on the Schedule of Allowable Rates section of the Travel website.