
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a vehicle.
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a vehicle.
The business mileage reimbursement rate for 2019 increased 3.5 cents to 58 cents on Jan. 1 after two years of minimal change, the Internal Revenue Service announced late last year.
The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.
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