WAXHAW, NC – Business Standard Mileage Rate Increases to 58.5 Cents in 2022.
The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning January 1, 2022, is 58.5 cents per mile, up 2.5 cents from 2021 [Notice 2022-03, 12-17-21].
In addition, the 2022 standard rate for miles driven for medical or moving purposes will increase to 18 cents per mile, up from the 16 cents-per-mile rate in effect during 2021.
The standard mileage rate for operating a passenger car for charitable purposes, which is set by law, will stay at 14 cents per mile in 2022.
Jen Stevenson Payroll LLC is a proud member of Union County Chamber of Commerce, Waxhaw Business Association, and the American Payroll Association.