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Federal Law Alert: IRS Increases Mileage Reimbursement Rate Starting July 1

Federal Law Alert: IRS Increases Mileage Reimbursement Rate Starting July 1

Jun 21, 2022 | Blog/News, Human Resources

The Internal Revenue Service (IRS) has announced that its optional standard mileage rate will increase to 62.5 cents per mile driven for business purposes. The increase takes effect on July 1, 2022. Use of this rate is optional, though it is widely used by employers...

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