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Standard Mileage Rates for 2019 Released

Sikich

Dec 24 2018

2 min read

The Internal Revenue Service (IRS) released Notice 2019-02 containing the optional standard mileage rates for 2019.

This notice details the standard mileage rates for the use of a car, van, pickup, or panel truck effective January 1. It serves as a guide to calculate the deductible costs of using a vehicle for business, charitable, medical, and moving purposes.

2019 Rates under the Notice

In 2019, the standard mileage rate for business use will be 58 cents per mile. A rate of 20 cents per mile will be given for medical/moving purposes and 14 cents per mile for charitable organization use.

The mileage rate, when compared to rates in 2018, rose 3.5 cents for business travel and 2 cents for a medical/certain moving expense. Please note that these rates are optional, and should an individual choose to calculate their actual mileage expenses for their vehicle, they could do so.

Additional Information

There are few limitations to the notice regarding situations where an individual cannot use the business standard mileage rate, which are outlined in Section 4.05 of Rev. Proc. 2010-51. In addition, there are regulations on claiming a miscellaneous itemized deduction for unreimbursed employee travel expenses and moving expenses described in the notice that apply.

The IRS states that an annual study of the fixed and variable costs of operating an automobile is used to determine the standard mileage rate for business use (and variable costs govern the rate for medical and moving purposes).

Please reach out to our Tax team for more information on this notice.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 