In addition to low gas prices, there was more good news for drivers from the Internal Revenue Service: the federal agency is increasing the standard mileage rate used to determine the deductible cost of using a vehicle for business.
Taxpayers who use their cars, vans, pickups or panel trucks for business purposes will be able to deduct 58 cents per mile driven in 2019, up 3.5 cents from a year ago. Those using their vehicle for medical or moving purposes will be able to deduct 20 cents per mile,…
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