IRS Issues 2021 Standard Mileage Rates

A week ago the IRS announced the 2021 standard mileage rates:

  • $0.56 per mile for business use (was $0.575 per mile in 2020);
  • $0.16 per mile for medical/moving (was $0.17 per mile in 2020); and
  • $0.14 per mile for service of charitable organizations (unchanged from 2020).

These rates (except for the charitable driving rate) come from a study that the IRS has conducted every year determining the costs of operating cars. The charitable mileage rate is set by statute. With gasoline and insurance costs down in 2020, the standard mileage rates fall for 2021.

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