IRS Lowers Standard Mileage Rate for 2021
The business mileage rate will be $0.56 cents per mile For 2021, standard mileage rates for the use of cars, vans, pickups, or panel trucks will be: $0.56 cents per mile driven for business use, down from $0.575 cents in 2020. $0.16 cents per mile driven for medical or moving purposes, down from $0.17 cents in 2020. $0.14 cents per mile driven in service of charitable organizations, which remains unchanged. While the standard mileage rates […]
