Posted on December 14, 2018 by Mary Ellen Schill
Blog
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2019, and the increased rates reflect the increase in the fixed and variable costs of operating a vehicle. Effective January 1, 2019, the optional standard mileage rates will […]
Posted on December 15, 2017 by Mary Ellen Schill
Blog
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2018, and the increased rates reflect the increase in gasoline prices. Effective January 1, 2018, the optional standard mileage rates will increase to 54.5 cents per mile for […]
Posted on December 13, 2016 by Mary Ellen Schill
Blog
On December 13, 2016 the IRS issued its standard mileage rates for 2017. Each year (sometimes more frequently than that in times of price volatility) the IRS announces the standard mileage rates for determining the deductible cost for operating automobiles for various purposes, including business, medical, and charitable purposes. Employers often base their employee reimbursements […]
Posted on May 13, 2015 by Mary Ellen Schill
Blog
Attorney Mary Ellen Schill recently authored an update detailing the changes. 2015 Standard Mileage Rates
Posted on May 5, 2015 by Mary Ellen Schill
Blog
This afternoon the IRS issued the standard mileage rates for determining the deductible cost for operating automobiles for various purposes (business, medical, charitable) beginning January 1, 2015. Details can be found here. Even with declining gasoline prices, the reimbursement rate for business purposes actually will increase from 56 cents per mile to 57.5 cents. The […]