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(208) 336-6997
Boise, ID
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Mileage Rate Increase

IRS Mileage Rate Increase

It was announced on 6/14/2022 that mileage will be changing from 0.58 cents to 62.5 cents / mile.

There will be two rates this year and they are broken down as follows:

January 1st– June 30th, 2022, your mileage will be compensated by 0.58 cents a mile.

July 1st-Decemeber 31st 2022 it will be compensated 62.5cents a mile.

 In order to receive the maximum mileage benefit be sure to keep two separate records a record of your mileage through June 1st,2022 and a record from July 1st to December 31st,so we have accurate records when tax time arrives.

As always, if you have any questions about this topic or if you are interested in learning more, please contact us at (208)366-6997 or email us at info@kcstaxes.com.

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