2020 IRS Standard Mileage Rates
For tax year 2020, the standard mileage rates for the use of a vehicle (including vans, pickups or panel trucks) will be:
Purpose | Rate Per Mile |
Business | $0.575 |
Medical | $0.17 |
Moving | $0.17 |
Charitable | $0.14 |
IMPORTANT:
Effective January 1, 2018 through December 31, 2025, unreimbursed
"employee (Form W-2)" business miles are NO longer deductible
as an itemized deduction under the
"Tax Cuts and Jobs Act (TCJA)". See EXCEPTIONS below.
EXCEPTION 1: If your Form W-2 Box 13 is
checked for "Statutory employee", your mileage is
deductible.
EXCEPTION 2: The following employees can
deduct business miles:
1. National Guard and reserve members who travel more than
100 miles from home to perform services as a National Guard
or reserve member;
2. Performing-arts related expenses for a qualified
performing artist;
3. Job expenses for fee-basis state or local government
officials.
The Business Standard Mileage Rate
If you qualify to use the business standard mileage rate, you may also be able to deduct parking fees, tolls, interest, and state and local taxes (other than gasoline taxes) as a business expense.
The "business" standard mileage rate CANNOT be used if:
-
You claimed actual expenses for the vehicle in a prior year,
-
You claimed any depreciation and/or a Section 179 expense deduction for the vehicle in a prior year, OR
-
You use FIVE or more vehicles at the same time, such as in fleet operations.