518-373-4111
The 2023 Standard Mileage Rates Have Been Announced
On Dec. 29, 2022, the IRS announced the 2023 optional standard mileage rates, which calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The 2023 standard mileage rates for the use of a car (also vans,...
2022 IRS Mileage Rates Go Up Mid-Year: What You Need to Know
For the first time since 2011, the IRS has made a midyear adjustment to the optional mileage rate used to calculate the deductible costs of operating an automobile for business and other specific purposes. The agency said the change is in recognition of recent...
2022 Transportation Fringe Benefit Limits Have Increased
The IRS has released Revenue Procedure 2021-45, which includes cost-of-living adjustments for employee qualified transportation fringe benefit limits for the 2022 taxable year, along with annually adjusted numbers for 2022 for a number of other tax provisions. The...
