2020 TAX LAW CHANGES

Alaska's minimum wage goes up to $10.19 an hour effective January 1, 2020. It will be adjusted every year for inflation with the new rate being effective on January 1 of each year.

The STANDARD MILEAGE RATES FOR 2020 went into effect on January 1, 2020:
57.5 cents per mile for business miles driven
17 cents per mile for medical or moving miles driven
14 cents per mile driven for charitable purposes