What You Should Know About The New IRS Mileage Rate for Business Vehicle Use
The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action. Small businesses that qualify to use and do use the standard mileage rate can deduct 62.5 cents per business mile from July 1 through December 31, 2022. That’s up 4 cents a mile. This brings
abusinessmanager
August 10, 2022
