IRS Updates Standard Mileage Rates for 2021

Standard mileage rates for 2021 have just been released by the IRS. One of the biggest differences in 2021 is a drop in the per mile rate for business use from last year.

The mileage rates for 2021 according to the IRS for vehicle use are as follows:

56 cents allocated per mile on vehicles used for business purposes. This represents a drop of 1.5 cents from last year’s rate. 16 cents per mile for moving and medical services. That’s a drop of 1 cent from the 2020 rate. 14 cents per mile for those

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