Annual Tax Updates
The IRS has announced the new standard mileage rate effective January 1, 2021.
Standard Mileage Rate
2021
2022 - UPDATE
The IRS has announced the new standard mileage rate UPDATED July 1, 2022.
The new rates for the use of a car (Including vans, pickups or panel trucks) will be:
62.5 cents per mile for business miles (this represents a 4 cent increase from Jan 1, 2022 and Jun 30, 2022)
22 cents per mile for medical or moving purposes (this represents a 4 cent increase from Jan 1, 2022 and Jun 30, 2022)
14 cents per mile driven in service of charitable organizations
The new rates for the use of a car (Including vans, pickups or panel trucks) will be:
56 cents per mile for business miles (this represents a 1.5 cent decrease from the previous year)
16 cents per mile for medical or moving purposes (this represents a 1 cent decrease from the previous year)
14 cents per mile driven in service of charitable organizations
