The IRS has issued the mileage rates for 2020, including the rate for miles driven for medical purposes. This is an important rate for Section 8 and Rural Development Properties since elderly households may deduct such mileage as a medical expense. Beginning on January 1, 2020, the new rate for medical mileage expense will be $.17 per mile, down from the 2019 rate of $.20 per mile.
Elderly households with travel expenses relating to medical services have the option of claiming the expense based on the actual cost of travel, such as bus fare, cab fare, etc. In these cases, documentation of the actual cost is required.
Other IRS mileage reimbursements include:
- Business Mileage: $.575, down ½ cent from 2019; and
- Driving for charitable organizations: $.14 – unchanged from 2019.