Dear Mobility Accounting, Tax and Payroll Professionals:
The new 2020 IRS mileage rates have been released. Please click below:
https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020
Effective 1/1/20, the business mileage rate has gone from $0.58 cents down to $0.575 cents (a half a penny) and the moving expense rate for military moves has gone down from $0.20 cents per mile to $0.17 per mile (a three penny decrease).
Happy New Year!!!
