Payroll Services IRS 2020 Standard Mileage Rates for Moving Expense Purposes

IRS 2020 Standard Mileage Rates for Moving Expense Purposes

The Internal Revenue Service announced the optional standard mileage rates to use for 2020 in computing the deductible costs of operating an automobile for moving expense purposes, which only applies to members of the Armed Forces on active duty who move under a military order and due to a permanent change of station. The standard mileage rate to use is 17 cents a mile effective January 1, 2020.