There will be some exciting changes by the IRS for the mileage deduction in the new year. These changes will increase the per mile amount when operating an automobile for business, charitable, medical or moving purposes.
Beginning on January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
Keep in mind that there have been two tax changes that affect the mileage deduction. Tax reform eliminated the itemized deduction on Schedule A for unreimbursed employee travel expenses. Also, most taxpayers will not be able to claim a deduction for moving expenses.
If you have any questions, please give our office a call at 260-407-5000.
Drive Safely!
Jenn Randle
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