IRS standard mileage rates increase for 2019

The IRS standard mileage rates increased for 2019. As of Jan. 1, 2019, the rates are as follows:

• 58 cents per mile for business miles driven, up from 54.5 cents per mile for 2018.
• 20 cents per mile for medical or moving expenses, up from 18 cents for 2018.

Please note that expense reports for miles driven in 2018 will be reimbursed in 2019 at the 2018 rate, and expense reports for miles driven in 2019 will be reimbursed at the 2019 rate.

For questions, please contact accounts payable at 529-9200.