Itemized Deductions and Exclusions

Standard Mileage Rates

The IRS normally updates the mileage rates once a year in the fall for the next calendar year.  The standard mileage rates for the tax year 2019 will increase from 54.5 cents to 58 cents for business.   The rate increases to 20 cents from 18 cents for medical and moving.  The standard mileage rate for charitable miles is set by statute, not the IRS, and remains at 14 cents per mile.

Standard Mileage Rates- 2018 vs 2019:

The business standard mileage rate includes an amount treated as depreciation for the vehicle.


Taxpayers who use their vehicles in the everyday operation of their business would report their mileage deduction on their business return, such as Schedule C-EZ, Schedule C, Form 1065, Form 1120S, or Form 1120.  As of the tax year 2018, under TCJA, employees who use their vehicles for their jobs were no longer able to deduct their unreimbursed mileage.


Parking and tolls are generally deductible to the taxpayer who owns a business as long as the tolls do not result from commuting.  


Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County


P: 828-595-2835

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