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The IRS has increased the standard mileage rate for business driving due to soaring prices at the gas pumps.

For the last six months of 2022, the rate is 62.5 cents per mile, up four cents from the rate of 58.5 cents during the first six months. Also, the rate for medical or moving expenses for active-duty military jumps to 22 cents per mile for the rest of 2022, another four-cent-per-mile rate hike.[/vc_column_text][us_image image=”3787″][/vc_column][/vc_row]