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For 2020, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) are:

  • 57.5 cents per mile for business miles driven
  • 17 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

To claim the standard mileage rate instead of actual expenses on your business vehicle:

Schedule C (Form 1040) Profit or Loss From Business:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Income in the Federal Quick Q&A Topics menu to expand, then click Business income or loss from a sole proprietorship.
  3. Click + Add Schedule C to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.
  5. On the screen titled Great! Let's get started on expenses, click Enter expenses.
  6. On the screen titled Do you have any vehicle expenses?, click Yes.
  7. On the screen titled Depreciation and Vehicle Expense - Asset Description, enter your information, then click Continue.
  8. On the screen titled Vehicles - Miles Driven, compute your business use percentage, divide the total miles driven during the tax year into either business miles, personal miles, or commuting miles, then click Continue.
  9. On the screen titled Business Income - Leased Vehicle, indicate whether you Own or Lease your vehicle, then click Continue.
  10. On the screen titled Vehicles - Actual or Standard, choose either Standard mileage rate or Actual expenses, then click Continue to proceed through the remaining questions.

Schedule F (Form 1040) Profit or Loss from Farming:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Income in the Federal Quick Q&A Topics menu to expand, then click Farming income or loss.
  3. Click + Add Schedule F to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.
  5. On the screen titled Farm Income - Expenses, click Yes.
  6. On the screen titled Farm Income - Vehicle Expenses, click Yes, then click Continue.
  7. On the screen titled Depreciation and Vehicle Expense - Asset Description, enter your information, then click Continue.
  8. On the screen titled Vehicles - Miles Driven, compute your business use percentage, divide the total miles driven during the tax year into either business miles, personal miles, or commuting miles, then click Continue.
  9. On the screen titled Business Income - Leased Vehicle, indicate whether you Own or Lease your vehicle, then click Continue.
  10. On the screen titled Vehicles - Actual or Standard, choose either Standard mileage rate or Actual expenses, then click Continue to proceed through the remaining questions.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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