This year, Uncle Sam will take his cut of the past year’s earnings on May 17, slightly later than usual due to the COVID-19 pandemic. Many taxpayers are undoubtedly wondering how this year’s Tax Day will affect their finances, as a lot of people are struggling financially as a result of the pandemic.

The Internal Revenue Service just announced that they are increasing the mileage rate for the remainder of the year starting July 1st. Please see the changes in the below table and update your records accordingly.