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For the first time in over a decade, the IRS has announced a new optional standard mileage rate of 62.5¢ for the rest of 2022 to reflect the rising...
For Canadian employers, the new year brings a new per kilometre reimbursement rate. In 2022, the new Canada Revenue Agency rate is set at ¢61.
The IRS has today announced an increase in the standard mileage rate for 2022. It has increased from ¢56 to ¢58.5.
The CRA standard rate for mileage reimbursement remains the same in 2021, 59¢ per kilometer for the first 5000 driven, 53¢ per kilometer after that.
Effective January 1 2021, the IRS Standard Mileage Rate for 2021 is down 1.50 cents to 56 cents per mile. This is the recommended cents per mile...