IRS Raises Mileage Rates for 2019
Published by Steve Hood on
The Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on January 1st of this year, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) are:
- 58 cents per mile driven for business use, up 3.5 cents from the rate for 2018
- 20 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2018
- 14 cents per mile driven in service of charitable organizations (the charitable rate is set by statute and remains unchanged)
If you would like more information, you can view the full IRS article HERE.
If you would like to speak to one of our tax specialists, please call: 1 (866) 760-0940 or send a note to Miranda.Hawk@brixeyandmeyer.com to setup a time to speak.
Tags: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, New Year, Mileage