The IRS, in Notice 2022-03, has announced the Standard Mileage Allowance rates for calendar year 2022.
Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
·
58.5 cents per mile driven for business use
·
18 cents per mile driven for medical, or moving purposes for
qualified active-duty members of the Armed Forces
· 14 cents per mile driven in service of charitable organizations
The business and medical/moving rate is determined each year by the IRS, and the 2022 rates are a bit higher than 2021.
The charity rate is set by Congress and has remained at 14 cents for eons.
TTFN
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