Tag: automobile

5202
Posted in Compensation

Mileage Reimbursement Rate Increases on July 1

On June 9, 2022, the Internal Revenue Service (IRS) announced an increase in the standard mileage rate for the second half of 2022. Although this…

14767
Posted in Compensation

2021 IRS Mileage Rates

On December 22, 2020, the Internal Revenue Service (IRS) issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an…