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2019 IRS Standard Mileage Rates Announced
Published on by Rhonda Siex in Blog Posts, CS3 Technology

 

Today, the IRS released Notice 2019-2 changing the Standard Mileage Rate to $0.58 per mile effective January 1, 2019. Employers should make a note to update this rate before any 2019 mileage payouts are made.

The notice also provides the amount taxpayers must use in calculating reductions as a basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

Read the full notice here: https://www.irs.gov/pub/irs-drop/n-19-02.pdf

Other notable 2019 payroll related changes:

IRS 2019 Mileage Rates

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