Auto ExpenseIRS NoticesSmall BusinessTax

Please remember – Mileage calculation for 2022 increase for July – December 2022

Please remember – Mileage calculation for 2022 increase for July – December 2022

The IRS increased the mileage rate for July – December for the year 2022.  Please make sure when calculating your mileage expense you, calculate two figures. One for Jan – June 2022 and the other figure for July 2022 – December 2022 and combine the two figures for total mileage deduction.

If you are small business owner that needs help with your taxes, click here to schedule an appointment. 

 

 

IRS announcement for mileage rates for 2022

IRS Pub 463 for travel and miles