Mileage rates for 2019 were recently released and received quite a bump from 2018. However, due to the Tax Cuts and Jobs Act (TCJA) the number of people who can take advantage of the increased mileage rates will be on the decline. Specifically those that claim unreimbursed employee business expenses under the miscellaneous itemized deduction will be affected since this deduction was eliminated with the passage of the TCJA. Click here to read more about the mileage rate and those affected.
J. Alan Hayes