2019 Mileage Reimbursement Rate for Businesses

10 Jan 2019

No business owner wants to step on the wrong side of Uncle Sam. Especially for something like mileage reimbursement. That’s why it’s so important to stay updated about all changes to the mileage reimbursement rate for businesses so you can get the greatest possible value from your miles without risking the full ire and irritation of the IRS in the process.

Here’s what you need to know about mileage reimbursement rates for businesses in 2019.

Rate Changes for 2019

The first big news when it comes to 2019 mileage reimbursement rules for 2019 is that the rate per mile has increased for businesses. It has increased from 54.5 cents per mile in 2018 to 58 cents per mile in 2019, representing a 3.5 cents per mile increase.

There are instances where the standard mileage rate does not apply. Those instances include the following:

  • Your business claims depreciation or deductions under section 179.
  • The vehicle in question delivers mail to rural areas and qualifies for reimbursement under Publication 463 Chapter 4.
  • If your business operates a fleet of five or more vehicles that operate simultaneously.
  • Vehicle is a car for hire or taxicab.

Of course, the IRS has really strict rules about tracking and recording your mileage to make sure your business isn’t taking overdue advantage of Uncle Sam’s largesse.

Tracking Mileage for the 2019 Mileage Reimbursement Rate

One tool that can help you keep a good handle on your mileage throughout 2019 and beyond is GPS fleet tracking. Whether your business operates three vehicles or 300 vehicles, you need to have a firm grasp of the miles your vehicles spend on the road each year. GPS tracking can be instrumental in helping you keep this vital information, and so much more, in check.

But that’s only the beginning. You can use GPS fleet tracking to

  • Optimize driver routes
  • Reduce your fuel costs for the year
  • Help ensure your fleet vehicles are properly maintained
  • Manage driver behaviors
  • Help keep auto insurance expenses low

for your entire fleet.

If you’re interested in really saving money, though, GPS tracking can also help you cut your employee hours by keeping drivers on the road fewer hours each week by planning more efficient routes and eliminating driver’s using your vehicles to do their errands on your time. It’s a win-win for your organization.

Whether you’re maximizing your tax spend by taking advantage of accurate mileage reimbursement rates for your business in 2019 or seeking new financial rewards for your business, GPS tracking can help you get a straight route to big savings in 2019.

Interested in implementing GPS fleet tracking in 2019? Contact our experts at LiveViewGPS 1-888-544-0494. We’ll answer any your questions and help to get you started.

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