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Self employed
Hello Chuckv18!
Are you sure $0.55/mile was deducted on your 2020 return for the business miles you drove? The 2020 standard mileage rate per the Internal Revenue Service (IRS) is $0.575 per mile, and the 2021 rate is $0.56/mile. Please refer to the link below:
https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020
https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2021
Please let me know if this answers your questions, or if I can be of further assistance.
Thank you!
Shirleyh88
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‎October 27, 2021
9:58 AM