Month: February 2021

This year, the optional standard mileage rate has decreased by one-and-one-half cents. Is is now 56 cents per mile. This rate is used to calculate the deductible costs of operating an automobile for business. As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019. … Continue reading “The 2021 Cents-Per-Mile Rate for Business Miles Decreases Again”