Standard Mileage Rates for 2021

Featured Image

Whenever you drive for business, medical purposes, a charitable organization or move for work, you may be eligible for a mileage deduction and save money on your taxes. However, the optional standard mileage rates have decreased slightly from 2020.

As of January 1, 2021, the standard mileage rates for business use of a car, van, pickup truck, or panel truck is 56 cents per mile, down from 57.5 cents per mile. The rate for medical or moving purposes is 16 cents per mile, down from 17 cents per mile. The standard mileage rate for charitable service miles remains at 14 cents per mile.

Standard Mileage Rates

Business Miles

Medical or Moving Miles


56 cents per mile

16 cents per mile


57.5 cents per mile


17 cents per mile

You can find these official rates and more in IRS Notice 2021-02.

How to Organize Your Auto Repair Shop Income Statement

Out of all of the important components of accounting that your auto repair shop needs to thrive in today's market, an income statement is among the...

Read More

Improve Your Tire Store Profit Margin With These Simple Steps

If you're not sure why your tire store profit margin matters, let us break it down for you:

Read More

Cook County Minimum Wage is on the Rise July 1

Effective July 1, 2022, the minimum wage in Cook County will increase for tipped employees and non-tipped employees that work for any employer...

Read More