Taxing Thoughts: New mileage rates announced by the IRS
Mileage rates for travel are now set for 2019. The standard business mileage rate increases by 3.5 cents to 58 cents per mile.
The medical and moving mileage rates also increase by 2 cents to 20 cents per mile. Charitable mileage rates remain unchanged at 14 cents per mile.
(See images for 201 and2019 mileage rates)
Remember to properly document your mileage to receive full credit for your miles driven.
& Associates, PC
Certified Public Accountants
111 Henderson • Rusk • 75785
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