06/11/2022
Anyone who claims mileage expenses, the rate changes from 58.5¢ to 62.5¢ per mile, so be sure to record your odometer at the end of June, so you record the correct amount of miles at the correct rate. I recommend recording your odometer at the start of EVERY month anyways, or using a mileage tracking app such as MILEIQ.
IR-2022-124, June 9, 2022 — The Internal Revenue Service today 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 and certain oth...
