Home » News
Filter by category:

IRS Issues Standard Mileage Rates for 2019

 

The Internal Revenue Service (IRS) this week 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 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 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, and
  • 14 cents per mile driven in service of charitable organizations.

The business mileage rate increased 3.5 cents for business travel driven and 2 cents for medical and certain moving expense from the rates for 2018. The charitable rate is set by statute and remains unchanged. It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The business standard mileage rate cannot be used for more than four vehicles used simultaneously.

This and other limitations are described in section 4.05 of Rev. Proc. 2010-51

Labor Federal Tax







RINAlliance Seneca Companies EMC Insurance LMC Insurance & Risk Management PMMIC Insurance Unified Contracting Services Altria Renewable Energy Group Community Oil Company Federated Insurance Molo Petroleum Sinclair Shell BP Wellmark Central Bank Land Mark Products Cylinder Express Phillips 66 Valero Farner-Bocken Company a Division of Core-Mark Flint Hills Growmark Energy Heartland Payment Systems Acterra Group McGowen, Hurst, Clark & Smith PC
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About FUELIowa   |    Site Map   |    Privacy   |    Contact Us   |    ©2019 FUELIowa, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About FUELIowa
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0502
©2019 FUELIowa, All Rights Reserved