Will The Standard Business Mileage Rate Go Up In 2022? Yes!

After two years of no increases, the optional standard 2022 mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be … Continue reading “Will The Standard Business Mileage Rate Go Up In 2022? Yes!”