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IRS increases standard mileage rate

June 10, 2022

The IRS has announced an increase in the standard mileage rates for the rest of the year. 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.

Read the full IRS announcement by clicking here.

Posted June 10, 2022


 

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