I receive an auto allowance but my mileage is still pretty high.
What is the mileage deduction for 2021?
You'll need to sign in or create an account to connect with an expert.
The mileage rate is 56 cents a mile for 2021.
However, if you are an employee, you cannot deduct mileage even if they were for your job.
Up to tax year 2017, job-related expenses were deductible as an itemized deduction subject to the 2% of AGI floor.
Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.
Therefore, your mileage as an employee is no longer deductible for tax year 2021
For tax year 2021 the federal mileage rate is $0.56 per mile for business use of the vehicle
If you are employee who receives a W-2 no employee business expenses are deductible on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025.
The mileage rate is 56 cents a mile for 2021.
However, if you are an employee, you cannot deduct mileage even if they were for your job.
Up to tax year 2017, job-related expenses were deductible as an itemized deduction subject to the 2% of AGI floor.
Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.
Therefore, your mileage as an employee is no longer deductible for tax year 2021
Thank-you!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
siiinvest-yahoo-
New Member
artshaffer13
New Member
elizabethscarlett
Level 1
kaijumoto
Level 2
davidchl
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.