Standard Mileage Allowance Rates for 2021

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Published December 23, 2020

The IRS announced the 2021 standard mileage rate for business use of a personal vehicle, which is based on an annual study of the costs of operating an automobile.

New Mileage Rate for 2021

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The new rate for business miles driven for travel taking place on or after January 1, 2021, is $0.56 per mile, a decrease from $0.575 in 2020.

The 2021 mileage rate will automatically show in the travel and expense reimbursement system (Concur) effective Jan. 1, 2021.

For non-employee and guest reimbursements, the Travel office will adjust any paper travel vouchers received for travel taking place in 2021 that has the 2020 rate. They will email a scanned copy of the revised voucher to the individual identified on the voucher as the travel preparer.