Question: What are the Standard Mileage Rates?
Answer: The following standard mileage rates apply for the tax year 2020 (2021 Taxes)
- The standard mileage rate for the cost of operating your car decreased slightly to 57.5 cents a mile for all business miles driven for 2020.
- The standard mileage rate allowed for the use of your car for medical reasons or a qualified move is 17 cents per mile for 2020.
- The standard mileage rate allowed for charitable purposes remains at 14 cents per mile for 2020.
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