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Sandusky, Ohio Office
422 West Market Street
Sandusky, OH 44870
419-625-4942
866-293-2727
FAX: 419-625-7120
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Norwalk, Ohio Office
257 Benedict Avenue, Building D
Norwalk, OH 44857
419-668-2552
800-860-0152
FAX: 419-663-3637
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Monday–Friday: 8 am – 5 pm
   
Fridays from May 1 through
Labor Day we close at noon.

Fridays from September 6 through November 1 we close at 3 pm

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CPAs Net

2019 Standard Mileage Rates Announced for Business, Charitable, Medical and Moving Purposes 

January 14, 2019
Payne, Nickles & Company

 

The Internal Revenue Service recently issued the 2019 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.


As of January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:: 
    

  • 58 cents per mile for business miles driven, up 3.5 cents from the 2018 rate
  • 20 cents per mile driven for medical or moving purposes, up 2 cents from 2018
  • 14 cents per mile driven in service of charitable organizations
       

 

The mileage rate for service to a charitable organization is not alterable by the IRS. Instead, it must be changed by statute passed by Congress. It is important to remember that a taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. For more information, please contact one of our professionals today.

 

Call our office for questions or additional information.



419-625-4942     419-668-2552
Sandusky                             Norwalk
 


  

Treasury Circular 230 Disclosure

Unless expressly stated otherwise, any federal tax advice contained in this communication is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding penalties under the Internal Revenue Code, or for promoting, marketing, or recommending any transaction or matter addressed herein.


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