IRS Increases Standard Mileage Rate for Final Half of 2022

The Internal Revenue Service published Announcement 2022-13 on June 9, 2022, increasing the optional standard mileage rate for business use of employees’ automobiles from 58.5 cents per mile to 62.5 cents per mile for the final six months of 2022. Beginning July 1, 2022, and ending December 31, 2022, the new rate will be in […]