Don’t Forget: 2019 Standard Mileage Rates Have Changed

Share this

The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of 2017 (tax reform). While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck used for business purposes, there are a few changes to applicability of the deduction.

The IRS 2019 Mileage Rates for Using a Vehicle for Business Purposes are:

  • 58 cents per mile for each business mile (an increase of 3.5 cents per mile from 2018)
  • 20 cents per mile to cover moving or medical purposes (an increase of 2 cents per mile)
  • 14 cents per mile driven for charitable organizations (non-variable)

In addition, the new tax legislation has made an impact on ‘where’ the standard mileage deduction rate can be used. Under the new law, no claim is possible for a miscellaneous itemized deduction on employee travel expenses that are unreimbursed. There is also no deduction for employee moving expenses (with the exception of Armed Forces members on active duty).

For details and situations where you cannot use the standard mileage rate, visit: IRS Standard Mileage Rates.

Contact a K·Coe Isom tax advisor with questions about this deduction and its applicability.

How Behavioral Change Benefits the Bottom Line

Changing Behavior Creates a More Sustainable Business As a business owner or high-level manager, you have the enormous power to effect change in beha...

Tough Times for Ag Loan Renewals  

Informed communication and negotiation with your lender is key “Prepare for the process – and bolster your loan chances -- by developing a good ...

Making Ag Board Meetings More Effective

Employ these simple practices to optimize engagement and decision-making Most agribusinesses participate in board meetings during the year to assess...


Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*