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Corporate Tax Return Prep

Corporate Tax Return Prep

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Employee Deductions

2018 Mileage Rates for Businesses

January 15, 2018 by Alex Franch, BS EA

Standard Business 2018 Mileage Rates The 2018 mileage rates are going up. As it does every year, the Internal Revenue Service recently announced the optional standard 2018 mileage rates. These rates calculate the deductible costs of operating an automobile for business, charitable or medical purposes. The change is due to the adjustment of inflation for 2018. 

Filed Under: Business Expense Tagged With: 2017 Fuel Costs, 2018, Business Mileage Rate, Employee Deductions, Employer Reimbursements, Suspended Special Allowances for SUVs, Switching Between the Actual Expense and Standard Mileage Rate Methods

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  • S-Corps
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  • Dedham Schedule an Online Appointment
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