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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.
The standard mileage rates for 2023 are: Self-employed and business: 65.5 cents/mile. Charities: 14 cents/mile. Medical: 22 cents/mile. Moving ( military only ): 22 cents/mile. Find out when you can deduct vehicle mileage.
9 sty 2020 · For 2020, the business standard mileage rate is 57.5 cents per mile (a half-cent decrease from the 2019 rate), and the rate when an automobile is used to obtain medical care —which may be deductible under Code § 213 if it is primarily for, and essential to, the medical care— is 17 cents per mile (a 3-cent decrease from the 2019 rate) (see ...
The standard mileage rate is 20 cents per mile for use of an automobile: (1) for medical care described in § 213; or (2) as part of a move for which the expenses are deductible under § 217(g).
1 kwi 2020 · In November 2019, the IRS updated the standard mileage rules to reflect provisions of the TCJA (see prior coverage at here ). The IRS issued the standard mileage rates for 2020 for business, charitable, medical, or moving expense purposes, as well as other deduction amounts.
Notice 2019-02 [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)
2 kwi 2019 · The standard mileage rate is an amount the IRS sets every year to help certain taxpayers calculate how much they can deduct for using a vehicle for business, charitable, medical or moving purposes. Here are some things to know about the standard mileage rate for 2020.
