Standard Mileage Rates for 2020

mileage

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s