Update your mileage rate reimbursements

If you plan on using your vehicle for business, medical appointments or moving during 2018, make sure you know the standard mileage rates have changed. The standard business mileage rate increased to 54.5 cents per mile (up from 53.5 cents in 2017). The medical and moving rates also increased by 1 cent, to 18 cents per mile. Charitable rates remain at 14 cents per mile.

Certified Public Accountant for Edith Christian CPA, Accounting Services for Individual and Small Businesses in Waukesha and Milwaukee. Tax Preparation, Bookkeeping, Retirement and more. Edith Christian graduated Magna Cum Laude from the University of Wisconsin-Whitewater with a BBA in accounting in 1982 and became a CPA in 1983. She worked as tax manager with Arthur Andersen & Co. (formerly one of the Big Eight public accounting firms) in Chicago from 1982 to 1990. Edith has been in her own tax practice since 1992 in the Lake Country area. She is a member of the American and Wisconsin Institute of CPA’s as well as a member of the Collaborative Family Law Practice of Wisconsin.

Posted in car care costs, Milage