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News & Press: Federal Tax News

Redesigned 1040 and Standard Mileage Rates

Saturday, December 15, 2018   (0 Comments)
Posted by: Linda Keast
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Submitted by Brian P. Wozniak, IRS Stakeholder Liaison

Redesigned Form 1040, Schedules and Instructions Now Available


The redesigned Form 1040, U.S. Individual Income Tax Return, for tax year 2018 is now available on IRS.gov. Also available are Schedules 1 through 6 and the 1040 Instructions. The 2018 Form 1040 uses a "building block" approach, so your clients with straightforward tax situations will only need to file Form 1040. If you have clients needing to provide supplemental information, they can use the new numbered schedules. For tax year 2018, individuals will no longer use Form 1040-A or Form 1040-EZ.

More information about the 2018 Form 1040 is available on IRS.gov.


IRS Issues Standard Mileage Rates for 2019


This week, the IRS issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 58 cents per mile driven for business use, up 3.5 cents from the 2018 rate
  • 20 cents per mile driven for medical or moving purposes, up 2 cents from the 2018 rate
  • 14 cents per mile driven in service of charitable organizations.

Notice-2019-02 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.


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