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Standard mileage rates | Internal Revenue Service
https://www.irs.gov/tax-professionals/standard-mileage-rates
WebPage Last Reviewed or Updated: 12-Feb-2024. Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
DA: 36 PA: 16 MOZ Rank: 90
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SECTION 1. PURPOSE - Internal Revenue Service
https://www.irs.gov/pub/irs-drop/n-21-02.pdf
Webbusiness standard mileage rate treated as depreciation is 25 cents per mile for 2017, 25 cents per mile for 2018, 26 cents per mile for 2019, 27 cents per mile for 2020, and 26 cents per mile for 2021 . See section 4.04 of Rev. Proc. 2019-46.
DA: 100 PA: 5 MOZ Rank: 88
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Publication 463 (2023), Travel, Gift, and Car Expenses | Internal
https://www.irs.gov/publications/p463
WebStandard mileage rate. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. Car expenses and use of the standard mileage rate are explained in chapter 4. Depreciation limits on cars, trucks, and vans.
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IRS issues standard mileage rates for 2021
https://content.govdelivery.com/accounts/USIRS/bulletins/2b28522
WebDec 22, 2020 · Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also 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 ...
DA: 79 PA: 38 MOZ Rank: 72
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IRS Announces 2021 Standard Mileage Rates and Vehicle Value Limitations
https://tax.thomsonreuters.com/blog/irs-announces-2021-standard-mileage-rates-and-vehicle-value-limitations/
WebDec 23, 2020 · For 2021, the business standard mileage rate is 56 cents per mile (a 1.5 cent decrease from the 57.5 cents rate for 2020), and the rate when an automobile is used to obtain medical care —which may be deductible under Code § 213 if it is primarily for, and essential to, the medical care—will be 16 cents per mile for 2021.
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What Are The IRS Standard Mileage Rates for 2021? | MileIQ
https://mileiq.com/blog/irs-mileage-rates-for-2021
WebEffective January 1st, 2021, the standard mileage rates to operate a vehicle, van, pickup, or panel truck will cost: 56 cents per business mile, which is down 1.5 cents from 2020. 16 cents per mile driven for medical or moving purposes for active military members, which is down one cent from 2020.
DA: 74 PA: 11 MOZ Rank: 74
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IRS Releases 2021 Mileage Rates - Forbes
https://www.forbes.com/sites/kellyphillipserb/2020/12/22/irs-releases-2021-mileage-rates/
WebDec 22, 2020 · Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 56 cents per mile for business miles driven (down from 57.5 cents in...
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New 2021 IRS Standard Mileage Rates - Forbes
https://www.forbes.com/sites/markkantrowitz/2020/12/22/new-2021-irs-standard-mileage-rates/
WebDec 22, 2020 · getty. New IRS Mileage Rates. The new IRS mileage rates apply to travel starting on January 1, 2021. 56 cents per mile for business purposes. 16 cents per mile for medical or moving...
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2021 standard mileage rates decrease - The Tax Adviser
https://www.thetaxadviser.com/news/2020/dec/2021-irs-mileage-rates-decrease.html
WebDec 22, 2020 · News. Expenses & Deductions. 2021 standard mileage rates decrease. By Sally P. Schreiber, J.D. December 22, 2020. The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02.
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IRS Issues Standard Mileage Rates For 2021 | TaxConnections - Tax …
https://www.taxconnections.com/taxblog/irs-issues-standard-mileage-rates-for-2021/
WebBeginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020,
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