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New 2018 Mileage Rates for Your Small Biz

January 9, 2018 by Deb Howard Greenleaf

New 2018 Mileage Rates By Greenleaf Accounting

Now that we have turned the page to 2018, it’s time to start a new mileage log … with a new business mileage rate from the IRS.

Before you make your first trip, be sure to record your beginning odometer reading for the year. Then, settle on a method for tracking your business mileage and be sure to track those business miles!

The 2018 mileage rates are: 

  • 54.5 cents per business mile, up 1 cent from 2017
  • .18 cents per mile for medical trips, up 1 cent from 2017
  • .14 cents per charity mile

My favorite mile-tracking app is MileIQ. Not only does it make it SUPER easy to automatically track your mileage, it also makes it crazy easy to create an accurate contemporaneous mileage report that fulfills the IRS mileage requirements. And it has saved my marriage! Every year, I would ask my husband for his business mileage and every year he would give me a blank stare, then a guilty look, then a promise to “get that to you soon!” Seriously, MileIQ saved the day!

Feel free to use my code to receive a 20% discount on a MileIQ premium annual account: Promo code DHOW248A.

Deb Howard Greenleaf
Deb Howard Greenleaf

Deb Howard Greenleaf, EA, CEO and Principal, of Greenleaf Accounting Services provides virtual accounting and bookkeeping services and specializes in financial management to consultants, coaches, solo professionals, and other small business owners across the US. Deb is an Enrolled Agent (EA)—an IRS-licensed tax professional—and specializes in small businesses and entrepreneurs filing Schedule C or as an LLC. As an Advanced Certified QuickBooks ProAdvisor, Deb spends her day in QuickBooks Online and specializes in providing QBO support.

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Filed Under: Bookkeeping, Greenleaf Accounting, Small Biz Taxes

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Free 1099 Success Cheat Sheet

Want to be ready for 1099s at year end?
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Reliable, Efficient and Precise

“Deb has handled my company’s invoicing and bookkeeping with impeccable attention to detail and service for several years. She is reliable, efficient and precise – remembering logistics, following through on details, and always smiling. I appreciate her help and value her expertise in handling my finances. Deb is the quintessential professional – I highly recommend her without hesitiaton.”

– Dr. Camille Preston, Owner,
AIM Leadership, LLC

Knows Her Stuff Inside & Out

“Deb is an amazing person, not only at what she does (in which she excels) but her personality is simply the best! She is always in clear control of her work; she knows her stuff inside and out; and she’s such a joy to work with and to count as a friend! I would highly recommend Deb to anyone who is looking for someone who is “above and beyond” the normal bookkeeper.”

– Vickie Turley, Chief Administrative Manager,
BossaNova Consulting Group, Inc.

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