Deduction rates change for 2020!
It’s easy to forget about the business use of your personal car. Here’s how to calculate this deduction for all your business miles.
Beginning January 1, 2020:
57.5 cents/mile (business miles driven)
17 cents/mile driven (medical or moving purposes)
14 cents/mile driven (in service to charitable organizations)
And just for reference, here are the historical rates for mileage deductions:
| Historical Mileage Rates | |||
Year: |
Business |
Medical or Moving |
Charitable Service |
| 2019 IRS Mileage Rate | 58 Cents/Mile | 21 Cents/MIle | 14 Cents/Mile |
| 2018 IRS Mileage Rate | 54.5 Cents/Mile | 18 Cents/Mile | 14 Cents/Mile |
| 2017 IRS Mileage Rate | 53.5 Cents/Mile | 17 Cents/Mile | 14 Cents/Mile |
| 2016 IRS Mileage Rate | 54 Cents/Mile | 19 Cents/Mile | 14 Cents/Mile |
| 2015 IRS Mileage Rate | 57.5 Cents/Mile | 23 Cents/Mile | 14 Cents/Mile |
| 2014 IRS Mileage Rate | 56 Cents/Mile | 23.5 Cents/Mile | 14 Cents/Mile |
| 2013 IRS Mileage Rate | 56.5 Cents/Mile | 24 Cents/Mile | 14 Cents/Mile |
| 2012 IRS Mileage Rate | 55.5 Cents/Mile | 23 Cents/Mile | 14 Cents/Mile |
| 2011 IRS Mileage Rate(July 1 – December 31) | 55.5 Cents/Mile | 23.5 Cents/Mile | 14 Cents/Mile |
| 2011 IRS Mileage Rate(January 1 – June 30) | 51 Cents/Mile | 19 Cents/Mile | 14 Cents/Mile |
| 2010 IRS Mileage Rate | 50 Cents/Mile | 16.5 Cents/Mile | 14 Cents/Mile |
| 2009 IRS Mileage Rate | 55 Cents/Mile | 24 Cents/Mile | 14 Cents/Mile |
| 2008 IRS Mileage Rate(July 1 – December 31) | 58.5 Cents/Mile | 27 Cents/Mile | 14 Cents/Mile |
| 2008 IRS Mileage Rate(January 1 – June 30) | 50.5 Cents/Mile | 19 Cents/Mile | 14 Cents/Mile |
| 2007 IRS Mileage Rate | 48.5 Cents/Mile | 20 Cents/Mile | 14 Cents/Mile |
| 2006 IRS Mileage Rate | 44.5 Cents/Mile | 18 Cents/Mile | 14 Cents/Mile |
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