top of page
Search
karen46676

IRS BOOSTS STANDARD MILEAGE RATES FOR THE REST OF 2022


The IRS has announced that the standard mileage rates are increasing. Beginning July 1, 2022, the rates are 62.5 cents per mile for business use of an automobile and 22 cents per mile for costs of using an automobile as a medical or moving expense.

The standard mileage rates are an optional method, in lieu of tracking actual expenses, of substantiating the costs of operating an automobile for business, medical or moving purposes. This announcement modifies the original standard mileage rates for 2022.

7 views0 comments

Recent Posts

See All

New Certificate of Rent Paid requirement

In response to recent legislation, the Renter's Property Tax Refund is ending. Renters will instead claim the Renter's Credit on their...

IRS MILEAGE REIMBURSEMENT RATE

The IRS standard mileage rate will be 67 cents per mile driven for business purposes (up from 65.5 cents in 2023). This rate also applies...

コメント


bottom of page