IRS Issues Standard Mileage Rates for 2021

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The Internal Revenue Service issued its 2021 standard mileage rates.

Beginning 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, down 1.5 cents from the rate for 2020

The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. 

Click here to read the IRS notice on 2021 standard mileage rates. 

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