Mileage Rate Change
The Internal Revenue Service issued the 2020 standard mileage rates used to calculate the deductible costs of operating an automobile for business or moving purposes.
Beginning on January 1, 2020, the standard mileage rates for the use of a personal vehicle will be:
- 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019
- 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019
If you have any questions, please contact Tufts Support Services at extension 7-7000.