2020 Standard Mileage Rates Released

Yesterday, the IRS announced the 2020 standard mileage rates. The rates are:

  • 57.5 cents per mile for business use (down 0.5 cents per mile from 2019);
  • 17 cents per mile for medical or moving use (down 3 cents per mile from 2019); and
  • 14 cents per mile driven in service of charitable organizations (set by statute).

As a reminder, keep your mileage log! (Indeed, I’ll have a post on keeping your 2020 mileage log next week.)

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