The IRS has announced new mileage rates for 2019, amounting to an increase in the rates for small businesses.
The new rates are:
- 58 cents per mile for each business mile, up 3.5 cents from 54.5 cents for 2018;
- 20 cents per mile to cover moving or medical purposes, up 2 cents from 18 cents for 2018;
- 14 cents per…
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