Changes for 2021


THIS JUST IN - Changes in Mileage for 2021


  • Business Mileage – 56 cents
  • Medical Mileage – 16 cents
  • Charitable Mileage – 14 cents

Daycare Per Diems 2021


  • Breakfast – 1.39
  • Lunch/Dinner – 2.61
  • Snack – 78 cents

2020 reimbursement rates


  • Business Mileage – 57.5 cents
  • Medical Mileage - 17 cents
  • Charitable Mileage – 14 cents

Daycare Per Diems 2020


  • Breakfast – 1.33
  • Lunch/Dinner – 2.49
  • Snack – 74 cents

NEW 1099 FORM FOR BUSINESSES

Form 1099 NEC-- Non-Employee Compensation


This form replaces Box 7 on the Form 1099-MISC. Use this form when you pay a person $600 or more for compensation for work performed. The deadline for submitting Form 1099-NEC is January 31, 2021.

Form 1099-MISC is NOT going away


The Form 1099-MISC is used for income derived from rents, royalties, fishing boat proceeds, health care payments, payments in lieu of dividends or interest, crop insurance proceeds or gross proceeds paid to an attorney. The deadline for submitting Form 1099-MISC is February 28.

Standard Deduction


  • Single - 12,400
  • Married filing Joint – 24,800
  • Head of Household – 18,650
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