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IRS Mileage Rate Mid Year Update

Posted on by People Rock HR Services
22
Jun

In case you missed it, the IRS increased the mileage reimbursement rate.

Effective July 1, 2022, the standard business mileage rate will be $0.625 per mile, a 4 cents increase.

This comes as no shock, given the new heights of gas prices. You can read the IRS announcement here.

People Rock HR Services

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