This year, the cents-per-mile rate used to calculate the deductible costs of operating a vehicle for business decreased to 56 cents per mile.
Cents-Per-Mile Rate for Businesses Increases for 2022
Tag: business use of vehicles
Mileage Rate for Businesses Decreases Slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent.