The IRS released the optional standard mileage rates for 2021. Most taxpayers may use these rates to calculate deductible costs of operating vehicles for business, medical, and charitable purposes.
The standard mileage rates for 2021 are:
- 56 cents per mile for business uses (down from 57.5 cents per mile in 2020);
- 16 cents per mile for medical uses (down from 15 cents per mile in 2020); and
- 14 cents per mile for charitable uses (unchanged from 2020).