Taxing thoughts: 2020 mileage rates announced

Mileage rates for travel are now set for 2020.

The standard business mileage rate decreases by 0.5 cents to 57.5 cents per mile.

The medical and moving mileage rates also decreases by 3 cents to 17 cents per mile.

Charitable mileage rates remain unchanged at 14 cents per mile.

2020 New Mileage Rates and 2019’s rates for your reference are attached as images.

Remember to properly document your mileage to receive full credit for your miles driven.

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Anita Woodlee-Roach

& Associates, PC

Certified Public Accountants

111 Henderson • Rusk • 75785

Phone: 903-683-1002

www.awrcpas.com

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