Pain at the Pump Fuels IRS Mileage Rate Increase

Pain at the Pump Fuels IRS Mileage Rate Increase

On Thursday, June 9th, the IRS announced an increase in the optional standard mileage rate for the last 6 months of 2022. This is in recognition of the pain Americans are feeling at the pump due to recent gasoline price increases. Generally, taxpayers have the option...