The Internal Revenue Service (IRS) has issued its 2021 standard mileage rates. Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup, or panel truck will be: 56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile driven for medical or moving…
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…
It’s Taxes From A to Z. M is for Mileage.
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…
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…