IRS Increases Business Mileage Rate to 62.5 Cents: Rate Effective for Final Six Months of 2022
Motus: Rate Increase Comes at Time of High Fuel Costs, Inflation Impacting Repairs and Maintenance, and Continued Supply Chain Challenges Driving Up Costs BOSTON–(BUSINESS WIRE)–#irs–The Internal Revenue Service (IRS) will increase the national business mileage standard rate to 62.5 cents, calculated with data provided by Motus.i The rate increase will be effective July 1, 2022 […]



