On December 31, 2019 the Internal Revenue Service (IRS) finally issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 […]
The Internal Revenue Service (IRS) recently issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per […]
On December 14, 2017, the Internal Revenue Service (IRS) issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. This year, the business rate increases one cent per mile. Beginning January 1, 2018, the standard mileage rates for the use of a […]
On December 13, 2016, the Internal Revenue Service (IRS) issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. This year brings a half cent per mile decrease in the business rate. Beginning January 1, 2017, the standard mileage rates for […]
On December 17, 2015, the Internal Revenue Service (IRS) issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. This year brings a 3.5 cent per mile decrease in the business rate. Beginning January 1, 2016, the standard mileage rates for the […]
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