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Standard mileage rate for 2018 increases to $0.545

Release Date
Vector image of woman at gas pump, display of 2017 and 2018 mileage rates

The IRS recently announced that the standard mileage rate for 2018 is 54.5 cents ($0.545) per mile.

HFC uses this rate as a basis for reimbursing employees for the approved use of your vehicle for business purposes.

Please note: All approved conference-related travel by automobile should use the "Enterprise Car Rental Calculator" (download Excel calculator) as indicated in the College Travel and Conference Reimbursement Procedure dated Jan. 1, 2015 to determine the proper reimbursable amount.

Effective Jan. 1, 2018, the reimbursable rate is 54.5 cents for all travel.

Please use the 2017 rate of 53.5 cents to submit all approved requested reimbursements for travel you undertook through Dec. 31, 2017. Submit all December 2017 reimbursement requests for approval by the end of January 2018.

Please submit all mileage reimbursements monthly.

Any questions should be directed to Barbara Eisterhold at ext. 9850 or via email at Bjeisterhold@hfcc.edu. Thank you.

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