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July 2022 News
Appropriators Not Close on Government Funding for FY23
Government funding expires at the end of September and congressional appropriators are not particularly close to passing appropriations bills for fiscal year 2023. While House Appropriations Committee Democrats are working to schedule floor votes on some of the 12 annual spending bills in July, the Senate Appropriations Committee has been Read more
IRS Boosts Standard Mileage Rate for Rest of 2022
With gas prices still soaring, the Internal Revenue Service (IRS) recently announced an increase in the optional standard mileage rate for the final six months of 2022. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. Read more
