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|