While the rates have varied over time, the principle of the IRS mileage rate - offering a standard, fair reimbursement rate that reflects the actual costs of operating a vehicle for designated purposes - remains constant. Exceptions and special considerations ...
the fluctuating nature of mileage rates underscores the importance of strategic business planning. Business owners may need to adapt their budgeting strategies in response to changing mileage rates, considering factors such as fuel prices, vehicle maintenance costs, and employee reimbursement policies. By...
Motus Data Analysis Illustrates Trends Informing New Rate, Impact of Pandemic-driven Volatility and Fluctuations, While Providing Guidance on Reimbursement Best Practices BOSTON, Mass., December 17, 2021– The Internal Revenue Service (IRS)today announcedthe 2022 business mileage standard rate of 58.5 c...