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Mileage Rate Change, January 1, 2020

Summary

The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed effective January 1, 2020.

Full Description

The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed.  Beginning on January 1, 2020, the standard mileage rates are:

* 57.5 cents per mile for business miles driven
* 17 cents per mile driven for moving and relocation purposes

* 23.5 cents per mile for fleet rate- remains the same


The rates have increased from the 2020 rates. We will begin to apply this rule for all Travel commencing on January 1, 2020.