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IRS Releases Standard Mileage Rates, FAVR Allowances for 2017
HR Daily Advisor Link to more items from this source
Dec. 28, 2017
"For all miles of business use, the standard mileage rate for transportation or travel expenses is 54.5 cents per mile (up slightly from 53.5 cents in 2017).... For purposes of computing the allowance under a FAVR plan, the maximum allowable cost in 2018 is $27,300 for cars (down from $27,900 in 2017) and $31,000 for trucks and vans (down from $31,300)."

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