IRS Rolls Back Standard Mileage Rates for 2021

The IRS has issued the 2021 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

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IRS Plug-In Vehicle Credit Cap Data Lacking Accuracy, Detail

In 2008, Congress passed a tax bill that would provide a credit of up to $7,500 for customers who purchase plug-in vehicles as a way to encourage adoption of cleaner vehicles. The credit would last in full for the first 200,000 units an automaker sold, then phased out over the course of 12 months.

The problem? The agency responsible for handling the credit, the Internal Revenue Service, has no clue as to where things stand as far as that cap is concerned, despite every automaker that sells a plug-in model reporting the figures every quarter, as required by law.

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General Motors Digest: June 30, 2014

In today’s General Motors digest: GM recalls over 700,000 units globally; Siemens VDO Automotive urged the automaker to look into airbag data in 2004; product chief Doug Parks was aware of the ignition problems in 2005; Feinberg compensation plan will have no payment cap; and Delphi is under the gun from both Congress and the IRS.

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  • RHD Amazon, UPS and mail delivery are the perfect applications for electric vehicles, except, perhaps, in sub-freezing climates, when the drivers shouldn't be out in the elements, anyway. 300 miles of city driving is more than enough for most delivery routes. We have the Lightning F-150... when will we see an electric mini-truck? Two seats, a seven foot bed, 150 HP, come on, guys, step it up!
  • ToolGuy Make the hood taller, and I'm in. 😉
  • El scotto It leaves the loading dock/loading are in the morning. It gets parked in the same place. Bubba/Bubbette plugs in and it charges overnight. Driver forgot to plug in?First time a warning, second time no pay while their vehicle is recharging. That problem will correct itself.
  • El scotto Hmmm, because it would take ohh another 20 minutes; if you rent an EV on the company dime stay at a hotel on the company dime that has EV chargers. I know crazy talk.Common sense would dictate don't rent an EV where there aren't chargers. No, I'm not downloading a find a charger app for a business trip either. People who don't like EVs won't rent them. Some do like EVs and will rent them. However most EV research on here consists of: I bought a dozen eggs, four large dill pickles, and a loaf of bread; therefore I have egg salad."
  • 28-Cars-Later Here's another thing you can't buy; and another, and another!