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2022, Blog

IRS Increases Mileage Rate for the Remainder of 2022

The Internal Revenue Service announced an increase in the optional standard mileage rates for the final 6 months of 2022.

The new rates beginning July 1 through December 31, 2022, are as follows:

  • 62.5 cents per mile for business travel – up 4 cents per mile
  • 22 cents per mile for medical – up 4 cents per mile

Read the news release from the IRS explaining the increase. Please reach out to your tax professional if you have any questions.

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