Standard Mileage Rate
The IRS has revised the 2022 standard mileage rates for taxpayers to use in computing thedeductible costs of operating an automobile for business, charitable, medical, or movingexpense purposes.The revised rates apply to deductible transportation expenses paid orincurred on or after July 1, 2022.The standard mileage rates set forth in Notice 2022-03 continue to apply to deductible transportation expenses paid or incurred before July 1, 2022.The following chart reflects the new revised 2022 standard mileage rates compared toprevious periods.
Business rate per mile