INCOME TAX

Notice 2018–03, page 285. This notice provides the optional 2018 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. This notice also provides the amount taxpayers must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan.

Rev. Proc. 2018–08, page 286. This revenue procedure provides safe harbor methods that individual taxpayers may use in determining the amount of their casualty and theft losses for their personal-use residential real property and personal belongings. This revenue procedure provides additional safe harbor methods that may be used in the case of casualty and theft losses occurring as a result of any Federally declared disaster.

Rev. Proc. 2018–09, page 290. In addition to the safe harbor methods available in Rev. Proc. 2018–08, this revenue procedure provides a cost index safe harbor method that individual taxpayers may use in determin

Finding Lists begin on page ii.