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Mint Bit: IRS increases mileage rate

Kendrah Wick
1/4/18 11:00 AM

The Internal Revenue Service has announced an increase in the standard mileage rate for 2018.

Employees can now be reimbursed 54.5 cents for every mile of business travel driven. This is up 1 cent from 2017.

For more information on medical or moving travel, as well as mileage for charitable organizations, check out the IRS announcement here:

IRS.GOV

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