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The Internal Revenue Service today released the 2021 optional standard mileage rates, which are used to determine the deductible expenses of driving a car for business, charity, medical, or relocating reasons. The regular mileage rate for the usage of an automobile (including vans, pickups, or panel trucks) will be as follows beginning January 1, 2021: The rate for qualified active duty members of the Armed Forces is 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, down 1 cent from the rate for 2020, and 14 cents per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020. The normal business mileage rate is based on an annual evaluation of the fixed and variable expenses of running a vehicle. The charge for medical and relocation services is determined by variable expenses. It is crucial to remember that taxpayers cannot claim a mis

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