The IRS has issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating a vehicle for business, charitable, medical or moving purposes.
The standard mileage rates will be 57.5 cents per mile driven for business (down .5 cents from the 2019 rate of 58 cents per mile), 17 cents per mile driven for medical or moving purposes (down three cents), and 14 cents per mile (unchanged) driven in service of charitable organizations.
Review Notice 2020-05 (PDF) for more information.