The IRS recently released the mileage rates for 2020. Beginning Jan. 1, the business mileage rate decreased one-half of a cent for business travel driven and three cents for medical and certain moving expenses as compared to the rates for 2019. The charitable rate is set by statute and remains unchanged.
2020 mileage rates:
57.5 cents per mile driven for business travel
17 cents per mile driven for medical travel
14 cents per mile driven in service of charitable organizations
More details can be found here.
[…] Read more