Standard business mileage rate decreases again for 2021
The optional standard mileage rate used to calculate the deductible costs of operating an automobile for business has decreased in 2021 by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019. This is the second year […]