The Internal Revenue Service (IRS) has announced the 2019 optional standard mileage rates for calculating deductible costs associated with using an automobile for business, charitable, medical or moving purposes.
On Jan. 1, 2019, the standard mileage rates for the use of a car, van, pickup or panel truck will be 58 cents per mile for business miles driven. The standard mileage rate will be 20 cents per mile driven for medical or moving purposes and 14 cents per mile driven in service to a charitable organization. During 2018, the business mileage rate was 54.5 cents and the medical and moving rate was 18 cents.
It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot claim a deduction for moving expenses, except members of the Armed Forces on active duty moving under orders to a permanent change of station.