Starting on Jan. 1, 2020, the standard mileage rates for the use of a car (along with vans, pickups or panel trucks) will be:
- $.57.5 cents per mile driven for business use, down half a cent from the 2019 rate;
- $.17 cents per mile driven for medical or moving purposes, down three cents from the 2019 rate; and
- $.14 cents per mile driven on behalf of charitable organizations.
Taxpayers CAN'T:
- claim a miscellaneous itemized deduction for un-reimbursed employee travel expenses
- claim a deduction for moving expenses, except members of the Armed Forces on active duty and moving under orders to a permanent change of station.
- use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System or after claiming a Section 179 deduction for that vehicle.
- use the business standard mileage rate for more than five vehicles simultaneously
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