Citing soaring gas prices, the Internal Revenue Service (IRS) on June 9 announced an increase in the optional standard mileage rate for the final six months of 2022.

Effective July 1 through Dec. 31, 2022, the standard mileage rate for the business use of employees’ vehicles will be 62.5 cents per mile—the highest rate the IRS has ever published—up 4 cents from the 58.5 cents per mile rate effective for the first six months of the year, according to IRS Announcement 2022-13.

Mileage Rate Changes Through 2022

For the final six months of 2022, standard mileage rates for the use of cars, vans, pickups or panel trucks will be:

Purpose Jan. 1 to June 30 July 1 to Dec. 31
For business use 58.5 cents per mile 62.5 cents per mile
For medical care and for moving active-duty members of the Armed Forces 18 cents per mile 22 cents per mile
In service of charitable organizations* 14 cents per mile 14 cents per mile

IRS Raises Standard Mileage Rate for Final Half of 2022 (shrm.org)

 

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