These are the tax brackets and other cutoffs for tax year 2019. This applies to calendar year 2019 taxes filed in April 2020. 2018 tax brackets and cutoffs are here. If you’re planning ahead, 2020 tax brackets and cutoffs are here. What are the 2020 mileage reimbursement rates? Each year, the IRS sets a standard mileage reimbursement rate so contractors, employees, and employers can use them for tax purposes. This rate applies to both cars and trucks and fluctuates year by year. For 2020, the standard IRS mileage rates are: 57.5 cents per mile for regular business driving. Tax Breaks for Seniors and Retirees Helps those who have paid off their mortgage and no longer have an interest deduction. ($18,350 in 2019, and $18,650 in 2020) The standard deduction for qualifying widow(ers) and married filers of joint returns increased from $12,700 to $24,000 ($24,400 in 2019, and $24,800 in 2020)