IRS Standard Mileage Rates for 2021
On December 22, the IRS issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2021, the standard mileage rates for the use of a car (and vans, pickups, or panel trucks) will be:
- 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020;
- 16 cents per mile driven for medical or moving purposes for qualified active duty members of the Armed Forces, down 1 cent from the rate for 2020; and
- 14 cents per mile driven in service of charitable organizations (the rate is set by statute and remains unchanged from 2020).
2021 Form W-4 Now Available
The IRS published the 2021 Form W-4, Employee's Withholding Certificate. The 2021 Form W-4 is very similar to the 2020 Form W-4.