Mileage rates for travel are now set for 2019. The standard business mileage rate increases by 3.5 cents to 58 cents per mile. The medical and moving mileage rates also increase by 2 cents to 20 cents per mile. Charitable mileage rates remain unchanged at 14 cents per mile.
2019 Standard Mileage Rates
Standard Mileage Rates | |
Mileage | Rate/Mile |
Business Travel | 58 cents |
Medical/Moving | 20 cents |
Charitable Work | 14 cents |
Here are 2018 rates for your reference, as well.
2018 Standard Mileage Rates
Standard Mileage Rates | |
Mileage | Rate/Mile |
Business Travel | 54.5 cents |
Medical/Moving | 18 cents |
Charitable Work | 14 cents |
Remember to properly document your mileage to receive full credit for your miles driven.
As always, should you have any questions or concerns regarding your tax situation please feel free to call.