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2021 Standard Mileage Rates

The IRS recently released the information on how much you can deduct for mileage for 2021. The mileage rates apply to operating an automobile for business, charity, medical or moving purposes.

Starting on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

• 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020,
• 16 cents per mile driven for medical or moving purposes for qualified active duty members of the Armed Forces, down 1 cent from the rate for 2020, and
• 14 cents per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020.

Please consult your tax advisor on all the above information.

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