To set next year's rate, the IRS was guided by moderating fuel prices against increases in vehicle acquisition costs and lower residual values.
Average Business Mileage Reaches 65% of Pre-Pandemic Levels
Average business mileage across the U.S. has increased to 65% of pre-pandemic levels, and overall field activity is 85% higher than the week of April 5, the lowest level of business mileage in 2020, according to data from Motus.
media brand