Source: IRS Standard Mileage Rate 2021 Employers can use the standard mileage rate to see how much they can reimburse employees for driving their personal vehicle(s) for business purposes. Since the mileage rate is going to be used for claiming deductions and determining the reimbursement amounts, it carries importance. Use the IRS Mileage Rate 2021 […]
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Source: IR-2019-215, December 31, 2019 WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates PDF used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or
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Source: 2019 IRS IR-2018-251, December 14, 2018 WASHINGTON — The Internal Revenue Service today issued the 2019 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, 2019, the standard mileage rates for the use of a car (also vans,
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