How Will You Deal with the New 62.5 Cents Mileage Rate?
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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.
How Will You Deal with the New 62.5 Cents Mileage Rate?
How Will You Deal with the New 62.5 Cents…
How Will You Deal with the New 62.5 Cents Mileage Rate?
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.