Mileage

[LWEME]

What is the mileage deduction worth per mile for charitable organization mileage for service for 2021? Also, what is the mileage deduction for business mileage for 2021?

[Loretta P]

The charitable mileage rate for 2021 was $0.14 cents per mile.  Charitable Contributions 

The business mileage rate for 2021 was 56 cents ($0.54) per mile.  As of 2018, unreimbursed employee business expenses/job-related expenses are no longer deductible as an itemized deduction subject to the 2@ of Adjusted Gross Income (AGI) floor.  They may still be deductible on some state returns.

This link provides the mileage rates for 2021 and 2022.

What are the standard mileage rates? 

[LWEME]

Does the standard rate compensate a person for depreciation of a vehicle, tires, maintenance etc.?

[Loretta P]

Yes it does include depreciation, tires, maintenance etc. in the rate.