mileage

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IRS increases mileage rate to 62.5 cents per mile

In the IRS IR-2022-124 released on June 9, 2022, the IRS increased the standard mileage rate for the second half of 2022. "The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices," said IRS Commissioner Chuck Rettig. "We are aware a number of unusual factors have come into

By |2024-11-18T00:04:47+00:00June 9th, 2022|Categories: Business, Individuals|Tags: , , , |

IRS released the standard mileage rates for 2022

In mid December 2021, the IRS released the standard mileage rates for the use of a car (also vans, pickups or panel trucks) beginning January 2022 will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for

By |2022-01-04T14:23:59+00:00December 20th, 2021|Categories: Business|Tags: , , , , , |
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