Changing on 1/1/2022, IRS has changed the standard business mileage rate to 58.5 ¢ per mile (increase from 56¢ in effect since 1/1/21).  The standard medical mileage rate has likewise changed to 18¢ per mile (increase from 16¢ in 2021).  These new rates apply to mileage reimbursements paid to an employee on or after January 1, 2022 with respect to transportation expenses paid or incurred by the employee on or after January 1, 2022.

 

The rate used for charitable deduction purposes, set by statute rather than IRS, remains at 14¢ per mile.