New rates begin in July
In a recent announcement, the IRS raised the standard mileage rates for travel beginning in July, 2022. Use the previously announced mileage rates for qualified travel in the first half of the year. Use the revised rates for travel in the second half of 2022.
Here are the 2021 mileage rates for your reference.
Remember to properly document your mileage to receive full credit for your miles driven.
Visit our Tax Planning page for more information.
Tax Resolution Accounting
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