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Standard mileage rates | Internal Revenue Service
https://www.irs.gov/tax-professionals/standard-mileage-rates
WebThe standard mileage rates for 2023 are: Self-employed and business: 65.5 cents/mile. Charities: 14 cents/mile. Medical: 22 cents/mile. Moving ( military only ): 22 cents/mile. Find out when you can deduct vehicle mileage.
DA: 32 PA: 74 MOZ Rank: 71
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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: 53 PA: 45 MOZ Rank: 26
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IRS Lowers Standard Mileage Rate for 2021 - SHRM
https://www.shrm.org/topics-tools/news/benefits-compensation/irs-lowers-standard-mileage-rate-2021
WebEffective Jan. 1, for 2021 the IRS decreased to 56 cents per mile—down 1.5 cents—the standard rate that many employers use to reimburse employees who drive their own cars or trucks for ...
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IR-2021-251, Standard Mileage Rates for 2022 - Internal …
https://content.govdelivery.com/accounts/USIRS/bulletins/3016d51
WebDec 17, 2021 · Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for ...
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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.
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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 · The Internal Revenue Service (IRS) has issued its 2021 standard mileage rates. Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup or panel truck...
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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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2021 Privately Owned Vehicle (POV) Mileage Reimbursement Rates; 2021
https://www.federalregister.gov/documents/2021/01/08/2021-00059/2021-privately-owned-vehicle-pov-mileage-reimbursement-rates-2021-standard-mileage-rate-for-moving
WebJan 8, 2021 · Published Document. GSA is updating the mileage reimbursement rate for privately owned automobiles (POA), airplanes, and motorcycles as required by statute. This information will be available in FTR Bulletin 21-03, which can be found on GSA's website at https://gsa.gov/ftrbulletins.
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What Are The IRS Standard Mileage Rates for 2021? | MileIQ
https://mileiq.com/blog-en-us/irs-mileage-rates-for-2021
WebHow much should I be reimbursed for mileage in 2021? The IRS offers two ways to reduce your tax burden in 2021. The standard mileage rate or the actual expense method. Both yield advantages and disadvantages, and the better …
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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 · For business use of a car, van, pickup truck, or panel truck, the rate for 2021 will be 56 cents per mile after decreasing to 57.5 cents per mile in 2020, down from 58 cents per mile in 2019. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.
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