For the final six months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective January 1. The new rate becomes effective July 1, 2022. Source: IRS, June 9, 2022. Link.  The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices." - Chuck Rettig, IRS Commissioner … [Read more...]