December 18, 2018 -
The Internal Revenue Service (IRS) has released its 2019 standard mileage rates to use when calculating deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
Beginning on January 01, 2019, the standard mileage rates will be increasing. In Notice 2019-02, the new rates are listed as:
- 58 cents per mile driven for business
- 20 cents per mile driven for medical purposes
- 20 cents per mile driven for moving purposes
- 14 cents per mile driven in service of charitable organizations
The IRS states "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. Taxpayers also cannot claim a deduction for moving expenses, except members of the Armed Forces on active duty moving under orders to a permanent change of station."
Read the full IRS announcement here.