Mileage Rates Have Changed for Unreimbursed Employee Expenses, Ohio CPA Firm Considers Ramifications
In a helpful public service reminder, Rea & Associates recently announced that the Tax Cuts and Jobs Act (TCJA) has effectively impacted mileage rates for unreimbursed employee expenses. According to the company, taxpayers are set to see a change in standard mileage rates, due to the suspension of the itemized deduction under code § 67 for unreimbursed employee business expenses and deductions for moving expenses under code § 217 from 2018 to 2025 outlined in the TCJA. According to Rea...
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