The IRS announced that they are increasing the standard mileage rate from $0.545 per mile in 2018 to $0.58 per mile for 2019.
For anyone who is self-employed or who puts un-reimbursed business miles on a personal vehicle on behalf of their employer this increased mileage rate will have a huge impact on lowering your taxable income.
The new rate takes effect January 1, 2019.
With all the new scams emerging, this is just a reminder that the IRS will almost always do its bidding via United States Mail. They will never call, email, text, or use social media to talk about a personal or business tax return and will not make threats of arrest or deportation or demand immediate payment using a specific payment type. They will always give tax payers an opportunity to challenge and appeal a decision.
If you receive any threatening calls, texts, or emails from someone you believe is impersonating the IRS in order to get your personal tax information report it to firstname.lastname@example.org
Unfortunately, scammers never rest so we have to always be vigilant and alert as they continue to come up with new tactics. Security is a huge priority! Never give personal or financial information out over the phone.