IRS boosts business mileage deduction for 2019

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Amid all the disquieting headlines emanating from the nation's capital these days, the Internal Revenue Service has dropped some good news for individuals who claim the federal mileage rate deduction for business use of a vehicle. For 2019, the IRS has set the rate at 58 cents per mile, up 3.5 cents from 2018, based on the overall higher prices for gasoline tracked during the year. The last time the rate was this high was in the second half of 2008, when the IRS temporarily raised the rate from...

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