IRS updates guidance for deductible business, charitable, medical and moving expenses. . . Last week, the Internal Revenue Service posted Revenue Procedure 2019-46, which issued guidance for taxpayers with deductible expenses of operating a motor vehicle for business, charitable, medical…
Taxpayers should know the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The standard mileage rate for business is based on an annual study of both…