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Wednesday, June 29, 2022

The IRS mileage rate allowance has changed.

January 1, 2022 to June 30, 2022 the IRS rate is 58 1/2 cent per mile.

July 1, 2022 to December 31, 2022 the IRS rate is 62 1/2 cents per mile.

You will need to provide your tax practitioner the total business miles driven from January 1 to June 30 and the total business miles driven from July 1 to December 31.