News & Resources

IRS Releases 2020 Standard Mileage Rates

The IRS has issued the 2020 standard mileage rates used to calculate the deductible costs of operating an automobile for business and charitable purposes.

For business use of a car, van, pickup truck, or panel truck, the rate for 2020 will be 57.5 cents per mile down from 58 cents per mile in 2019.

The rate for service to a charitable organization is unchanged, set by statute at 14 cents per mile.
Tax