Mileage Rate for 2019

The IRS just announced that effective January 1, 2019, the standard mileage rate for business miles will be 58 cents per mile, which is an increase of 3.5 cents per mile from 2018.  The mileage deduction is one that is often overlooked.  Are you reporting business mileage correctly on your tax return?  Give one of our CPAs a call today to discuss how to account for business use of your vehicle.

Latest Tax News

Please note that we will only post things that are from official sources and have been passed into law. We will not post any information about pending legislation.