2021 Standard Mileage Rates

The IRS issued the standard rates for 2021. Beginning 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
• The motorcycle rate has changed from 54.5 cents 54 cents per mile
• Turndown rate is 36 cents effective with travel 1/1/2021.

This change has been reflected in the SFS (e-reimbursement system). Please be sure to accurately mark your dates of travel if your mileage spans between 2020-2021 to ensure accurate rate calculation. Questions? Contact Kelly Layton.