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[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) • 17 cents per mile driven for medical or moving purposes (reduced from 20 cents per mile for 2019)
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.
Standard Mileage Rates for 2020. 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). The 2020 standard mileage rate is 17¢ per mile (down 3¢ from 2019) for use of an auto .
9 sty 2020 · The IRS has announced the 2020 standard mileage rates for business, medical, and other uses of an automobile, and the 2020 vehicle values that limit the application of certain rules for valuing an automobile’s use.
1 kwi 2020 · The optional standard mileage rates for business use of a vehicle will decrease slightly in 2020 after increasing significantly in 2019, the IRS announced on Dec. 31, 2019 (Notice 2020 - 05 ).
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.
