The IRS has announced the standard mileage rates for certain types of driving in 2019 (Notice 2019-02). Beginning on January 1, 2019, the standard mileage rates for the use of a car, van, pickup or panel truck will be:
The deemed depreciation rate for a vehicle that uses the IRS mileage rate for business driving in 2019 is 26 cents per mile, up from 25 cents per mile in 2018.
Based on an IRS table, an amount that reduces a business deduction taken for payments on an auto leased for a minimum of 30 days.