The Internal Revenue Service has issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

• 57.5 cents for every mile of business travel driven, down 1/2 cent from the rate for 2019.
• 17 cents per mile driven for medical or moving purposes, down 3 cents from the rate for 2019.
• 14 cents per mile driven in service of charitable organizations.

More information may be found here on IRS.gov. 

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