The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related [...]

By |2021-02-01T12:28:34-05:00February 1st, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

Standard Mileage Rates for 2018 Are Up

Standard Mileage Rates for 2018 Are Up The IRS has issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, [...]

By |2017-12-18T17:26:43-05:00December 18th, 2017|Categories: Tax|Tags: |Comments Off on Standard Mileage Rates for 2018 Are Up
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