Monday, December 28, 2020

Standard mileage rates for 2021


Beginning on January 1, 2021 the standard mileage rates for the using your vehicle will be:


  • 56 cents per mile driven for business use, it went down 1.5 cent from the rate for 2020.
  • 16 cents per mile for medical, or moving purposes for qualified active duty member of the Armed Forces, it will down 1 cent from the rate for 2020 
  • 14 cents per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020.
You can only use mileage as a tax deductions for business, charitable, medical, and moving purposes.

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Standard mileage rates for 2021

Beginning on January 1, 2021 the standard mileage rates for the using your vehicle will be: 56 cents per mile driven for business use, it we...

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