For automobiles a taxpayer uses for business purposes, the portion of the business standard mileage rate treated as depreciation is 22 cents per mile for 2011, 23 cents per mile for 2012, 23 cents per mile for 2013, 22 cents per mile for 2014, and 24 cents for 2015. See section 4.04 of Rev. Proc. 2010–51. FYI, its 24 cents for 2016 as well.
“The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile,” the Internal Revenue Service said in its most recent annual pronouncement, which reduced the standard rate for business miles driven from 57.5 cents to 54 cents.
The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced Thursday (Notice 2018-3).For business use of a car, van, pickup truck, or panel truck, the rate for 2018 will be 54.5 cents per mile, up from 53.5 cents per mile in 2017.
The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
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 ...
The Internal Revenue Service calculates the standard mileage rate based on a yearly study of how much it costs to operate a vehicle. If a person is using a vehicle for medical or moving purposes, the mileage rate is only based on variable costs. The fixed and variable expense categories used to determine the mileage rate are calculated differently.
Again, from Revenue Procedure 2007-70:Business standard mileage rate in lieu of fixed and variable costs. A deduction using the business standard mileage rate is computed on a yearly basis and is in lieu of all fixed and variable costs of the automobile allocable to business purposes (except as provided in section 9.06 of this revenue procedure).
The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year, the IRS announced Friday (Notice 2019-2).For business use of a car, van, pickup truck, or panel truck, the rate for 2019 will be 58 cents per mile up from 54.5 cents per mile in 2018.
Other driving-associated expenses, such as parking fees or toll-road charges, are not considered part of the standard mileage rate and are separate car-related expenses.
What's Changing The IRS announced Dec. 14 in Notice 2019-02 that, for 2019, standard mileage rates for the use of cars (also vans, pickups or panel trucks) will be: 58 cents per mile driven for ...