The IRS recently announced that effective July 1, 2022, the per mile reimbursement rate for business travel will be raised to 62.5 cents per mile. This increase will obviously be applied to Texas REALTORS® travel as well. Expensify and online expense forms (for member use) will be updated, so you don’t have to take any action. Just make sure if you send an expense form to members that you send the updated form. And if you review member expense reports, please remember to check that the right form is being used.
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