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