Beginning on January 1, 2020, the standard mileage rates for the use of a car (including vans and pickups or panel trucks) will be:
- 57.5 cents per mile driven for business use, down one half 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, unchanged from 2019.
Note: Under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee automobile expenses. Only members of the Armed Forces on active duty moving under orders to a permanent change of station may claim a moving expense.
This article is reproduced with permission from Spidell Publishing, Inc.
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