IRS Announces 2022 Mileage Rates

Jim DohertyNews

The Internal Revenue Service has announced new mileage rates for 2022 for use in calculating reimbursements or deductions for tax purposes:

  • Business use: 58.5 cents a mile, up from 56 cents a mile in 2021
  • Medical use: 18 cents a mile, up from 16 cents a mile in 2021
  • Moving use: 18 cents a mile, up from 16 cents a mile in 2021
  • Charitable use: 14 cents a mile, the same as in 2021

Additionally, the standard vehicle cost, used to calculate FAVR (Fixed and Variable Rate) programs, may not exceed $56,100, up from $51,100 in 2021.

To read more, IRS Notice 2022-03 may be found on the IRS website: irs.gov/pub/irs-drop/n-22-03.pdf.

Let’s connect and we’ll show you how a FAVR (Fixed and Variable Rate) plan can reduce cost when compared to the IRS rate for business use.

About the Author

Jim Doherty

Jim Doherty has developed FAVR plans with many highly visible companies large and small, and has routinely documented significant program savings, heightened driver acceptance and satisfaction, and reduced fleet liability with greater control and administrative efficiency. Let's Connect

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