NOTE: IRS decreases mileage rate for 2021

Information that will be helpful in fulfilling 2021 terms of call: The IRS mileage reimbursement rate effective starting January 1, 2021, will be 56 cents per mile drive for business. (That rate is down 1.5 cents from the 2020 rate.)

It is important to note that under the Tax Cuts and Jobs Acts, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Most taxpayers also cannot claim a deduction for moving expenses.

The reimbursement rate for miles driven in service to the Presbytery of Lake Michigan will be 14 cents per mile.

Find more details below about the applicable 2021 Internal Revenue Service regulations.

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