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This notice provides the optional 2020 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
This notice provides the optional 2019 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
-[PDF 16 KB] provides that beginning January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 58 cents per mile for business miles driven (up from 54.5 cents per mile for 2018) • 20 cents per mile driven for medical or moving purposes (up from 18 cents per mile for 2018) (the deduction ...
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
[PDF 72 KB] provides that beginning 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 for business miles driven (reduced from 58 cents per mile for 2019)
Notice 2020-5 provides that the 2020 standard mileage rate for transportation or travel expenses is 57.5¢ (down from 58¢ per mile in 2019) for all miles of business use (business standard mileage rate).
16 lut 2024 · The Internal Revenue Service (IRS) provides standard mileage rates as optional methods for taxpayers to substantiate their transportation expenses. This Insight reviews how the standard mileage rates are set, who uses them, and a history of the rates.
