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At the end of each year, the IRS updates its standard mileage rate for the upcoming year. Typically, the number they land on—which is based on an annual study of… Read More

IRS Announces the 2023 Standard Mileage Rate

Posted by Company Mileage | December 30, 2022

The Internal Revenue Service (IRS) has updated the optional standard mileage rate in 2023 to 65.5 cents per mile for business travel, an increase of 7 cents from 58.5 cents… Read More

Proposed Labor Department Rule May Reclassify Independent Contractors

Posted by Company Mileage | October 25, 2022

The distinction between who is an employee and who is an independent contractor has been a frequent litigation issue ever since the Fair Labor Standards Act (FLSA) was passed in… Read More

Should You Adjust Your Reimbursement Rate Amid Lowering Gas Prices?

Posted by Company Mileage | August 23, 2022

On June 9th of this year, with the cost of gas soaring, the IRS announced they would be increasing the standard mileage rate for business travel by 4 cents for… Read More

The Internal Revenue Service (IRS) has increased the optional standard mileage rate for the final 6 months of 2022 to 62.5 cents per mile for business travel, an increase of… Read More

IRS Increases the 2023 Standard Mileage Rate:Read More
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