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Skyrocketing Gas Prices Lead to Higher Deductible IRS Gas Mileage Rates

Skyrocketing Gas Prices Lead to Higher Deductible IRS Gas Mileage Rates

The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action with higher deductible IRS gas mileage rates!  Small businesses that qualify to use and do use the standard mileage rate can deduct 62.5 cents per business mile...