It’s official: the 2021 IRS standard mileage rate is $0.56. The new year’s rate, announced on December 22, is 1.5 cents less than the previous year’s rate. While this news may not be shocking to us, it might be new to you. Here we’ll be breaking down what the IRS Standard mileage rate is, changes…
Continue ReadingMotus Reveals Trends Underpinning the New Rate in Wake of COVID-19, and Guidance on Mileage Reimbursement Practices BOSTON, Mass., December 22, 2020 – The Internal Revenue Service (IRS) today announced the 2021 business mileage standard rate of 56 cents, calculated with data provided by Motus. As the definitive leader in reimbursement solutions for businesses with…
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