The standard mileage rate for business miles has been increased to 55.5 cents a mile for July 1 to December 31. This is an increase from 51.0 cents a mile for January 1 thru June 30.
Medical/moving miles have been increased to 23.5 cents per mile from 19.0 cents and charitable miles driven are 14.0 cents per mile for the entire year.
Read more on the IRS website.
The QuickBooks Resource is here to answer all of your QuickBooks bookkeeping questions. We are focused on helping small business owners and entrepreneurs use QuickBooks effectively.
The blog is written and maintained by Lux Bookkeeping, owned by Arden Lux Lane who has used QuickBooks since 2001. Managed and owned by Lux Bookkeeping.
My name is Arden Lux Lane and I run The QuickBooks Resource. I am also the owner of Lux Bookkeeping and have been using QuickBooks since 2001 and helping small businesses since 2006.
Bizarre as it may sound, I actually enjoy accounting and helping small business owners get the most out of QuickBooks.
Learn more about Arden Lux Lane.
