Standard Mileage Rates for 2020

The 2020 standard mileage rate for transportation or travel expenses is now 57.5¢ for all miles of business use. The 2020 standard mileage rate is 17¢ per mile for use of an auto for medical care. The standard mileage rate is 14¢ per mile for use of an auto for charity.

Keep in mind for 2019 to 2025, a taxpayer can no longer deduct employment expenses unless they are in the military, or performing artists or states that allow it. Self-employed individuals and businesses can still deduct their mileage expenses.

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December 2019 Newsletter