Each year, the IRS releases a new standard mileage rate. The IRS calculates the business rate based on an annual study of the fixed and variable costs of operating a car. So when rates change, it’s due to common car costs—like gas prices or insurance premiums—changing. (The medical and moving rates are just based on variable costs.)
Business: 56 cents per mile
Charity: 14 cents per mile
Medical / Moving: 16 cents per mile
Note: The business mileage rate reflects a 1.5 cent decrease from 2020, suggesting that the costs of operating a car have relatively decreased.
Want more information? Head to the IRS’s page on the Standard Mileage Rates.
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