Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020, 16 cents per mile driven for medical, or moving purposes for qualified active duty members of …
How much does it cost for mileage reimbursement?
Mileage Reimbursement – The True Cost Of Running A Car Miles per year 10,000 15,000 20,000 Small sedan 58.2 cents 44.9 cents 38.0 cents Medium sedan 75.9 cents 58.1 cents 49.0 cents Large sedan 93.3 cents 71.0 cents 59.5 cents
When do I get my POV mileage reimbursement?
Privately Owned Vehicle (POV) Mileage Reimbursement Rates. GSA has adjusted all POV mileage reimbursement rates effective January 1, 2021. Modes of Transportation. Effective/Applicability Date. Rate per mile. Airplane*. January 1, 2021. $1.26. If use of privately owned automobile is authorized or if no Government-furnished automobile is available.
How much does it cost to reimburse a privately owned car?
Privately Owned Vehicle (POV) Mileage Reimbursement Rates Modes of Transportation Rate per mile Airplane* $1.26 If use of privately owned automobile is $0.56 If Government-furnished automobile is av $0.16 Motorcycle $0.54
How much does it cost to drive a mile?
56 cents per mile driven for business use, down 1.5 cents from the rate for 2020, 16 cents per mile driven for medical, or moving purposes for qualified active duty members of the Armed Forces, down 1 cent from the rate for 2020, and
How much is 57.5 cents per mile?
Chart of 57.5 cents/mile, 58 cents/mile, etc. 56 cents 56.5 cents 57 cents 58.5 cents 1 miles $0.56 $0.57 $0.57 $0.59 2 miles $1.12 $1.13 $1.14 $1.17 3 miles $1.68 $1.70 $1.71 $1.76 4 miles $2.24 $2.26 $2.28 $2.34
