IRS releases 2020 mileage rates
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
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