2020 IRS Mileage Allowance

January 1, 2020

The IRS has announced the new standard mileage rates for 2020.  The standard mileage rate will decrease to 57.5¢ per mile for business miles driven beginning January 1, 2020, down from 58¢ in 2019.

Additionally, the 2020 mileage rate for medical or moving purposes decreased to 17¢ per mile, down from 20¢ in 2019.

The mileage rate for driving an automobile for charitable purposes during 2020 will remain unchanged at 14¢.