Tag Archive: tax

New church parking lot taxes: Guidance from GCFA, IRS

The “Tax Cuts and Jobs Act” passed by Congress in 2017 added new tax provisions that apply to churches and other non-profit organizations that are otherwise exempt from income tax. One such provision: A tax on the amount a church or a church-related organization spends to provide parking to its employees. The United Methodist Church’s General …

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Permanent link to this article: http://www.umcsc.org/home/new-church-parking-lot-taxes-guidance-from-gcfa-irs/

IRS mileage rates going up for 2019

The Internal Revenue Service has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. (IRS Notice 2019-2) These are also the rates at which employers can reimburse employees for business-related driving. Beginning Jan. 1, 2019, the standard mileage rates for …

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Permanent link to this article: http://www.umcsc.org/home/irs-mileage-rates-going-up-for-2019/