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Standard Mileage Rate

Many taxpayers use the business standard mileage rate to help simplify their recordkeeping. Using the business standard mileage rate takes the place of deducting almost all of the costs of your vehicle. The business standard mileage rate takes into account costs such as maintenance and repairs, gas and oil, depreciation, insurance, and license and registration fees.

Beginning on January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) is:

  • 58 cents per mile for business miles driven, up from 54.5 cents for 2018
  • 20 cents per mile driven for medical or moving purposes, up from 18 cents for 2018
  • 14 cents per mile driven in service of charitable organizations, no change from 2018

Mileage related to unreimbursed business expenses and moving expenses are limited to certain taxpayers as a result of the Tax Cuts and Jobs Act for tax years 2018 through 2025:

    • Business expenses:
      • Unreimbursed business expenses subject to a 2% floor as an itemized deduction have been eliminated.  
      • Eligible taxpayers for business mileage expenses:
        • Members of a reserve component of the U.S. Armed Forces,
        • State and local government officials paid on a fee basis, and
        • Certain performing artists

Moving expenses:

    • Eligible taxpayers for moving expenses:
      • A member of the Armed Forces of the United States on active duty, and
      • Moving under a military order and incident to a permanent change of station

Have you considered what is best for your business? Ceban & Associates is here to help you and your business make educated choices! 

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