IRS Mileage Rate Change for 2018

Dear Rutgers Colleagues,

Please be advised the Internal Revenue Service (IRS) has issued the 2018 standard mileage rates. 

Effective January 1, 2018, the standard mileage rates for the use of a personal car (also vans, pickups or panel trucks) will be:

54.5 cents per mile for business miles driven (up 1 cent from 53.5 cents in 2017)
18 cents per mile driven for medical or moving purposes (up 1 cent from 17 cents in 2017)
14 cents per mile driven in service of charitable organizations (no change).

The new mileage rates are applicable to expenses incurred on or after January 1, 2018. 

The Expense Management module has been updated to reflect the 2018 standard mileage rates. Expense report mileage for 2017 will be reimbursed at the 2017 IRS mileage rate.

Regards,

 

Nimish Patel

Associate Vice President – Procurement, and Chief Procurement Officer

University Finance and Administration