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Category: Commercial Insurance News Updates

IRS Announces 2023 Standard Mileage Rates

Announces 2023 Standard Mileage Rates On Dec. 29, 2022, the IRS announced the 2023 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The 2023 standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business use, up three cents...

DHS to Propose Permanent Remote Form I-9 Verification Rule

The Department of Homeland Security (DHS) recently announced it plans to issue a proposed rule that would allow employers to verify employee identity and employment eligibility documentation virtually “in certain circumstances or with respect to certain employers” when completing Form I-9 verification requirements. Virtual verification may reduce burdens on employers and employees while maintaining the integrity of the Form I-9 verification process, according to the...