The New Year means new standard mileage rates – and 2019 is no exception. The IRS recently announced new standard mileage rates and conditions for business use of a vehicle effective January 1, 2019. While the rate has increased significantly, employers and employees are still wondering how the new tax law will affect their deductions.
Here’s a one-sheet to help steer you in the right direction.
(for a printer-friendly PDF, click here)
If you have any questions, as always, please feel free to reach out to us at taxtalk@ellinandtucker.com
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