News & Resources

IRS Releases 2021 Standard Mileage Rates

The IRS released the optional standard mileage rates for 2021. Most taxpayers may use these rates to compute 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;
  • 16 cents per mile for medical uses; and
  • 14 cents per mile for charitable uses.
Taxpayers may use these rates, instead of their actual expenses, to calculate their deductions for business, medical or charitable use of their own vehicles.