IRS increases mileage reimbursement temporarily

IRS increases mileage

Recognizing the significant surge in gasoline prices, the Internal Revenue Service (“IRS”) recently announced that as of July 1, 2022 it will make “a special adjustment” to its optional standard mileage rates. For the final six months of 2022, the special mileage rates will be:

62.5 cents per mile for business miles driven;

22 cents per mile driven for medical or moving purposes; and

14 cents per mile driven in service of charitable organizations (same as before).

Recent Posts

Categories

More To Explore

employee handbook

Time to Update Those Handbooks

Bereavement Pay On October 3, 2022, Assembly Bill Number 1949 passed requiring employers with five or more employees to grant unpaid bereavement leave up to

CA Covid-19 update for employers

California Covid-19 update for employers

California Set to Extend COVID-19 Supplemental Paid Sick Leave Until 12.31.2022 Gov. Newsom extended the 2022 COVID-19 supplemental paid sick leave (“SPSL”) through December 31,

We are truly inspired and passionate

drop us a line and keep in touch