- (a) The optional standard mileage rate for use by employees or self-employed individuals in computing the income tax deductible costs of operating passenger automobiles owned by them for business purposes is fifty-four and one-half cents (54.5¢) per mile for expenses paid or incurred during the 2018 calendar year.
- (b) The optional mileage rate for use by individuals in computing the income tax deductible costs of operating passenger automobiles owned by them for a charitable organization is fourteen cents (14¢) per mile.
- (c) The optional standard mileage rate allowed in computing the cost of operating a passenger automobile where transportation expenses are deductible as a medical or moving expense is eighteen cents (18¢) per mile for expenses paid or incurred during the 2018 calendar year.
- (d) The mileage rates stated above shall be in effect for tax years beginning on and after January 1, 2018.