Revised federal mileage rates for last half of 2022.

The IRS has changed the mileage rates for the last half of 2022.

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Starting July 1, 2022, the standard mileage rates will be:

  • 62.5 cents per mile for business use, which is up from 58.5 cents for the first half of 2022 and up from 56 cents for 2021.
  • 22 cents per mile for medical and moving, which is up from 18 cents for the first half of 2022 an dup from 16 cents for 2021.
  • 14 cents per mile for services provided to charitable organizations, which rate was set by Congress in legislation.

Rates were published in Notice 2022-13 – Optional Standard Mileage Rates.

Federal mileage rates for 2022.

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The IRS has published the reference amounts for mileage rates for 2022. The rates:

Beginning on January 1, 2022, the standard mileage rates for the use of a vehicle will be:

  • 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021,
  • 18 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2021, and
  • 14 cents per mile driven in service of charitable organizations.

The standard rate for business is based on their analysis of the fixed and variable costs of operating a vehicle.  The medical & moving rate is based on variable costs of operation.

Rates were published in Notice 2022-03  2022 Standard Mileage Rates.

Federal mileage rates for 2021.

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The IRS has published the reference amounts for mileage rates for 2021. The rates:

Beginning on January 1, 2021, the standard mileage rates for the use of a vehicle will be:

  • 56.0 cents per mile driven for business use, down 1.5 cents from the rate for 2020,
  • 16 cents per mile driven for medical or moving purposes, down 1 cent from the rate for 2020, and
  • 14 cents per mile driven in service of charitable organizations.

The business mileage rate decreased one and a half cents for business travel driven and one cent for medical and certain moving expense from the rates for 2020. The charitable rate is set by statute and remains unchanged.

The business rate is down from 57.5 cents in 2020 and 58.0 cents in 2019, which in turn was up from 54.5 in 2018.

The standard rate for business is based on their analysis of the fixed and variable costs of operating a vehicle.  The medical & moving rate is based on variable costs of operation.

Rates were published in Notice 2021-02:  2021 Standard Mileage Rates.

Standard mileage rates for 2019

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The IRS has published the 2019 standard mileage rates. New rate for transportation and reimbursements is 58 cents, which is up from 54.5 cents in 2018. That is an increase of 3.5 cents.

New rates from the IRS, along with some comments on the impact of TCJA legislation are found in Notice 2019-02: (more…)

New standard mileage rates for 2012

IRS announced new standard mileage rates for 2012 in Notice 2012-1:

55.5 cents per mile for all miles of business use (business standard mileage rate).

23 cents per mile for use of an automobile …for medical care

23 cents per mile for use …as part of a move for which the expenses are deductible

14 cents per mile for use of an automobile in rendering gratuitous services to a charitable organization

(more…)