Beginning next year, most mileage rates used to determine business deductions for the use of automobiles will go up.
The rates for the use of an automobile in 2019 will be as follows:
-58 cents per mile for business purposes
Note: this rate cannot be used for more than four automobiles simultaneously.
-20 cents per mile for medical or moving purposes
Note: moving expenses cannot be deducted unless you are actively apart of the military and permanently changing stations.
-14 cents per mile for charitable purposes
Fun fact: In 2018, business and medical/moving rates only went up 1 cent.
Learn more about mileage rates from Jeff Stimpson.
Learn more about 2018 mileage rates from IFEBP.
Additionally, you can learn more about our services here.