IRS releases 2021 mileage rates

The Internal Revenue Services has released reimbursable mileage rates for 2021.

Beginning on January 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.

The release can be downloaded here:  https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2021