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July 03, 2020
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2020 IRS Standard Mileage Rate
Posted On: Jan 03, 2020

As of this month, the IRS Standard Mileage Rate for business use of your personal vehicle is 57.5 cents, down from 58 cents in 2019. For more information, please visit the IRS website announcing their 2020 Standard Mileage Rates at the link below.

Also remember that, under the Tax Cuts and Jobs Act, taxpayers can no longer claim a miscellaneous itemized deduction for unreimbursed employee travel expenses.

https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020


 
 
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