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.