As you keep records for the 2019 tax year, we want to make sure you are aware of this year’s IRS standard mileage rates. As of January 1, 2019, the standard mileage rates for the use of a vehicle (car, van, pick-up truck, or panel truck) for business, charitable, medical, or moving purposes are:
- 58 cents for every mile of business travel driven (an increase of 3.5 cents from the 2018 rate)
- 20 cents per mile driven for medical or moving purposes (an increase of 2 cents from the 2018 rate)
- 14 cents per mile driven in service of charitable organizations (no change from the 2018 rate)
If you rely on mileage deductions for tax filing, save time and stress by considering the many apps and online mileage trackers we discuss in this blog.
If you have questions about this topic or any of our other business service offerings, please don’t hesitate to call 215-723-4881 or contact us online.