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<p class="MsoNormal">Good morning Section 218 Employers:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This morning, December 14, 2018, the IRS announced the 2019 mileage rates for business travel.<o:p></o:p></p>
<p class="MsoNormal">Please refer to the details below from our federal partners.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bradley Hand ITC"">Pamella<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Pamella Johnson<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Oregon State Social Security Administration<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Oregon Public Employees Retirement System<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri Light",sans-serif">Oregon Public Employees Retirement System<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri Light",sans-serif">*****CONFIDENTIALITY NOTICE*****<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri Light",sans-serif">All information in this email, including attachments, is approved solely for delivery to and authorized use by its intended recipients. Use, dissemination, distribution,
or reproduction of this message and/or any of its attachments by unintended recipients is not authorized and may be unlawful. If you are not an intended recipient of this message or an authorized assistant to an intended recipient, please notify the sender
by replying to this message and then delete it from your system.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p align="center" style="text-align:center"><strong><span style="font-size:18.0pt">IRS issues standard mileage rates for 2019</span></strong><o:p></o:p></p>
<p>WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.<o:p></o:p></p>
<p>Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:<o:p></o:p></p>
<ul type="disc">
<li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1">
58 cents per mile driven for business use, up 3.5 cents from the rate for 2018,<o:p></o:p></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1">
20 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2018, and<o:p></o:p></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1">
14 cents per mile driven in service of charitable organizations.<o:p></o:p></li></ul>
<p>The business mileage rate increased 3.5 cents for business travel driven and 2 cents for medical and certain moving expense from the rates for 2018. The charitable rate is set by statute and remains unchanged.<o:p></o:p></p>
<p>It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot claim a deduction for moving expenses, except members of the Armed Forces
on active duty moving under orders to a permanent change of station. For more details see
<a href="http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMjE0Ljk5MTAyMjExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTIxNC45OTEwMjIxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjIwMjYxJmVtYWlsaWQ9cGFtZWxsYS5qb2huc29uQHN0YXRlLm9yLnVzJnVzZXJpZD1wYW1lbGxhLmpvaG5zb25Ac3RhdGUub3IudXMmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&127&&&https://www.irs.gov/pub/irs-drop/n-19-02.pdf" target="_blank">
Notice-2019-02</a>.<o:p></o:p></p>
<p>The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.<o:p></o:p></p>
<p>Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.<o:p></o:p></p>
<p>A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business
standard mileage rate cannot be used for more than four vehicles used simultaneously. These and other limitations are described in section 4.05 of
<a href="http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMjE0Ljk5MTAyMjExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTIxNC45OTEwMjIxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjIwMjYxJmVtYWlsaWQ9cGFtZWxsYS5qb2huc29uQHN0YXRlLm9yLnVzJnVzZXJpZD1wYW1lbGxhLmpvaG5zb25Ac3RhdGUub3IudXMmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&128&&&https://www.irs.gov/irb/2010-51_IRB#RP-2010-51" target="_blank">
Rev. Proc. 2010-51</a>.<o:p></o:p></p>
<p><a href="http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMjE0Ljk5MTAyMjExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTIxNC45OTEwMjIxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjIwMjYxJmVtYWlsaWQ9cGFtZWxsYS5qb2huc29uQHN0YXRlLm9yLnVzJnVzZXJpZD1wYW1lbGxhLmpvaG5zb25Ac3RhdGUub3IudXMmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&129&&&https://www.irs.gov/pub/irs-drop/n-19-02.pdf" target="_blank">Notice
2018-02</a>, posted today on IRS.gov, 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.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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