The Internal Revenue Service has increased the Optional Standard Mileage Rate by four cents to $0.625 per mile.
Similarly, the Internal Revenue Service has increased the mileage rate for deductible medical or moving expenses (available for active-duty members of the military) by four cents to $0.22 per mile.
The charitable mileage rate remains unchanged at $0.14 per mile.
Citing increased fuel costs, the IRS also noted that other factors figure into the increased mileage rates, including items such as depreciation, insurance, and other fixed and variable costs.
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