The business mileage rate for 2021 is 56 cents per mile.
The 2020 business rate was 57.5 cents per mile, and the 2019 rate was 58 cents per mile.
A complete list of past mileage rates can be found on the IRS website here.
Using the Stride app to track your mileage?
The Stride app uses the current business mileage rate to calculate your mileage deduction, and will automatically update each year with the new business rate. Any miles recorded in 2020 will use the 2020 rate, and miles recorded in 2021 will use the 2021 rate.
Comments
0 comments
Please sign in to leave a comment.