2020 Mileage Rate Calculator

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2020 IRS Mileage Rate Calculator

Your 2020 Mileage Deduction:

Enter your miles above to see your estimated deduction.

.calculator-wrapper { font-family: sans-serif; display: flex; flex-wrap: wrap; gap: 30px; max-width: 800px; margin: 20px auto; padding: 20px; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; } .calculator-form { flex: 1; min-width: 280px; } .calculator-result { flex: 1; min-width: 280px; background-color: #fff; padding: 20px; border-radius: 8px; border: 1px solid #eee; } .form-group { margin-bottom: 15px; } .form-group label { display: block; margin-bottom: 5px; font-weight: bold; color: #333; } .form-group input[type="number"] { width: calc(100% – 20px); padding: 10px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; } button { background-color: #4CAF50; color: white; padding: 12px 20px; border: none; border-radius: 4px; cursor: pointer; font-size: 16px; transition: background-color 0.3s ease; } button:hover { background-color: #45a049; } #result { margin-top: 20px; font-size: 18px; color: #333; text-align: center; } #result p { margin: 0; font-weight: bold; } function calculateMileageDeduction() { var businessMilesInput = document.getElementById("businessMiles"); var medicalMilesInput = document.getElementById("medicalMiles"); var movingMilesInput = document.getElementById("movingMiles"); var resultDiv = document.getElementById("result"); var businessMiles = parseFloat(businessMilesInput.value); var medicalMiles = parseFloat(medicalMilesInput.value); var movingMiles = parseFloat(movingMilesInput.value); var businessRate = 0.575; // IRS rate for business miles in 2020 var medicalRate = 0.17; // IRS rate for medical miles in 2020 var movingRate = 0.17; // IRS rate for moving miles in 2020 var totalDeduction = 0; var calculationError = false; if (isNaN(businessMiles) || businessMiles < 0) { businessMilesInput.style.borderColor = "red"; calculationError = true; } else { businessMilesInput.style.borderColor = "#ccc"; totalDeduction += businessMiles * businessRate; } if (isNaN(medicalMiles) || medicalMiles < 0) { medicalMilesInput.style.borderColor = "red"; calculationError = true; } else { medicalMilesInput.style.borderColor = "#ccc"; totalDeduction += medicalMiles * medicalRate; } if (isNaN(movingMiles) || movingMiles < 0) { movingMilesInput.style.borderColor = "red"; calculationError = true; } else { movingMilesInput.style.borderColor = "#ccc"; totalDeduction += movingMiles * movingRate; } if (calculationError) { resultDiv.innerHTML = "Please enter valid non-negative numbers for all mileage fields."; } else { resultDiv.innerHTML = "$" + totalDeduction.toFixed(2) + ""; } }

Understanding the 2020 IRS Mileage Rates and Deductions

The Internal Revenue Service (IRS) provides standard mileage rates each year that taxpayers can use to calculate the deductible costs of operating a vehicle for business, medical, or moving purposes. These rates are intended to simplify the process of claiming these expenses, as they cover various costs such as gas, oil, maintenance, and depreciation. For the year 2020, the IRS established specific rates for different categories of travel.

2020 Mileage Rates Breakdown

  • Business Use: 57.5 cents per mile. This rate applies when you use your car for business-related activities. This includes driving to meet clients, visiting work sites, or traveling between temporary work locations.
  • Medical Use: 17 cents per mile. This rate can be claimed for miles driven to receive medical care. This typically applies to travel to and from doctor's appointments, hospitals, or pharmacies. The travel must be for medical care that qualifies for a medical expense deduction.
  • Moving Use: 17 cents per mile. This rate is applicable for miles driven in connection with a move that qualifies for a moving expense deduction. This is generally limited to members of the U.S. Armed Forces on active duty who move because of a permanent change of station.

How to Use the Calculator

Our 2020 Mileage Rate Calculator is designed to help you quickly estimate your potential tax deduction based on the miles you drove in 2020 for these specific purposes. Simply input the total number of miles you traveled for business, medical, and/or moving purposes into the respective fields. The calculator will then apply the correct 2020 IRS mileage rates and provide you with an estimated total deductible amount.

Important Notes:

  • Remember to keep accurate records of your mileage, including the date, destination, business purpose, and miles driven, to substantiate your deduction if audited.
  • The medical and moving mileage rates are significantly lower than the business rate, reflecting different types of expenses covered.
  • These rates are for the 2020 tax year. If you are calculating for a different year, ensure you use the correct rates for that specific year.
  • This calculator provides an estimate. Consult with a tax professional for personalized advice.

By accurately tracking and calculating your mileage, you can take advantage of these valuable tax deductions, potentially reducing your overall tax liability.

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