Daily Archives: June 13, 2022

IRS increases standard mileage reimbursement rate for personal vehicles effective July 1

Posted on June 13, 2022 by Camron Hoorfar

The Internal Revenue Service has announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business … Continue reading →

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