News

2018 Standard Mileage Rates

Per IR-2017-204, beginning on January 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017
  • 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017
  • 14 cents per mile driven in service of charitable organizations

2017 Standard Mileage Rates

Per IR-2016-169, beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2016
  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
  • 14 cents per mile driven in service of charitable organizations

2016 Standard Mileage Rates

Per IR-2015-137, beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 54 cents per mile for business miles driven, down from 57.5 cents for 2015
  • 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015
  • 14 cents per mile driven in service of charitable organizations

2019 401(k)
Plan Contribution Limits:

  • Under age 50: $19,000
  • Over age 50: $25,000

2019 SIMPLE IRA
Contribution Limits:

  • Under age 50: $13,000
  • Over age 50: $16,000

2019 Traditional and Roth IRA
Contribution Limits:

  • Under age 50: $6,000
  • Over age 50: $7,000

*Subject to income limitations*