Big Time increase in standard mileage rate😉

[PATAX]

IRS has announced standard mileage rate has increased to 67 cents. Massive increase of one and a half cents. Don't spend all of that money in one place.😉

[BobKamman]

Feel free to claim actual expenses.  I remember once being asked what the rate was for motorcycles.  I forget the answer.  Does a sidecar make a difference?  What about an EV that gets the equivalent of 75mpg?  Does it matter if it qualified for a $7,500 tax credit?

[IRonMaN · Accepted solution]

I am planning on blowing all of that extra cash at the Intuit badge shop.  I'm sure they must still have some pretty badges that I don't already have. 😜