IRS Mileage Rates Changed Midyear: What To Know Before Year-End
The IRS changed its standard mileage rates in July 2026. Here’s what to know about business, medical, charitable, and moving mileage before year-end.
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IRS Releases Mileage Rates for the 2021 Tax Year
56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile driven for medical or moving purposes (down from 17 cents in 2020) 14 cents per mile driven in service of charitable organizations (currently fixed by Congress) You can find these official rates and more in IRS Notice…
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IRS Issues 2019 Mileage Rates
The Internal Revenue Service (IRS) has issued the 2019 standard mileage rates. Beginning on January 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 (up from 54.5 cents in 2018) 20 cents per mile driven for medical or moving…
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New Proposal Would Boost Charitable Mileage Rate
This week, Rep. Nolan (D-MN) introduced a post-tax reform bill to equalize the charitable and business mileage rates. Here’s what you need to know.
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Taxes From A To Z (2018): M Is For Mileage
It’s Taxes From A to Z. M is for Mileage.
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IRS Announces 2018 Mileage Rates Even Though Tax Reform Talks May Limit Use
The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates. They are effective beginning January 1, 2018 – even if some of them might not be applicable to taxpayers under the current tax reform proposals.
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With Gas Prices Falling, IRS Announces Lower 2016 Standard Mileage Rates
The Internal Revenue Service (IRS) has issued the 2016 optional standard mileage rates and beginning on January 1, 2016, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54 cents per mile for business miles driven (down from 57.5 cents in 2015) 19 cents per mile driven for…
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IRS Announces 2015 Standard Mileage Rates
It will cost you less at the pump to fill your car next year. The U.S. Department of Energy has issued its predictions for the price of gasoline for 2015 and the numbers are the lowest full-year average since 2009. Gas prices are expected to drop 35 cents to $2.60 a gallon. The news is…
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IRS Announces 2014 Standard Mileage Rates
Gas prices are on their way down… and so are the standard mileage rates. The IRS has announced the standard mileage rates for business, moving and medical expenses for the calendar year 2014.
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Taxes From A To Z: B Is For Business Mileage
Section 162 allows taxpayers to deduct expenses incurred in the course of a trade or business that are deemed “ordinary and necessary.” One of the most common of these expenses is the cost of operating a car, van, pickup truck or panel truck. When it comes to deducting those costs, taxpayers have a couple of…
