BusinessJune 20, 2022
IRS boosts mileage rate
Internal Revenue Service has announced a mid-year adjustment to the standard mileage rate for the second half of 2022 because of escalating inflation. On July 1, the rate will increase from 58.5 cents a mile to 62.5 cents. The 14 cents a mile rate for charitable organizations remains unchanged...
Internal Revenue Service has announced a mid-year adjustment to the standard mileage rate for the second half of 2022 because of escalating inflation.
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On July 1, the rate will increase from 58.5 cents a mile to 62.5 cents. The 14 cents a mile rate for charitable organizations remains unchanged.
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