Beginning on January 1, 2020, the standard mileage rates for the use of a car (including vans and pickups or panel trucks) will be:
- 57.5 cents per mile driven for business use, down one half cent from the rate for 2019;
- 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019; and
- 14 cents per mile driven in service of charitable organizations, unchanged from 2019.
Note: Under the TCJA, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee automobile expenses. Only members of the Armed Forces on active duty moving under orders to a permanent change of station may claim a moving expense. (Rev. Proc. 2019-46)
Attend Spidell’s Federal and California Tax Update Seminar and get the latest details on tax extenders and the SECURE Act. Click here for more information on the seminar, or see below for a list of locations.