IRS releases 2020 mileage rates
January 2, 2020
The Internal Revenue Services has released reimbursable mileage rates for 2020.
Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019,
- 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and
- 14 cents per mile driven in service of charitable organizations.
The release can be downloaded here: https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020