Search
  • Justin Smith CPA

IRS Releases 2019 Mileage Rates

The IRS issued the 2019 annual standard mileage rates. The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year. The key business mileage rate increases to 58 cents per mile from 54.5 cents per mile in 2018.


Visit this article from the Journal of Accountancy for more information.

3 views0 comments

Recent Posts

See All

Tax Season Kicks Off

The 2017 Tax Cuts & Jobs Act (TCJA) is still in effect for 2020 returns, but a flurry of legislation will make your tax returns a little more complicated. The Internal Revenue Service will not begin p

It’s time for year-end tax planning

With 2020 nearly over, it is time to prepare for filing your taxes and consider several items to prepare for the upcoming filing season. April 15, 2021, is the filing deadline next year. It can be ext

Get your federal stimulus and your PPP loan forgiven

The Internal Revenue Services has issued more than 88 million Economic Impact Payments (EIP) totaling approximately $158 billion since it first started issuing them around Easter weekend. The 2020 CAR