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    • GAP Planning
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Standard Mileage Rates Increase for Remainder of 2022

Business, News, NewsletterBy Jeff LuckeJuly 5, 2022

The optional standard mileage rate, which taxpayers may use to calculate the deductible costs of operating an automobile for business and certain other purposes, increases to 62.5 cents per mile, effective July 1, 2022. The new mileage rate is up 4 cents from the rate effective at the start of the year. The optional business…

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