The IRS recently issued the 2019 optional standard mileage rates used to calculate the deductible use of a vehicle for business, charitable, medical or moving purposes.
As of Jan. 1, 2019, these are the standard mileage rates for the use of a car (also vans, pickups or panel trucks):
- 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
- 14 cents per mile driven in service of charitable organizations.
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. This will remain in effect until 2025.
Please contact LGA if you have questions about the specifics of your automobile usage. We are here to help.
