IRS increases mileage reimbursement temporarily

IRS increases mileage

Recognizing the significant surge in gasoline prices, the Internal Revenue Service (“IRS”) recently announced that as of July 1, 2022 it will make “a special adjustment” to its optional standard mileage rates. For the final six months of 2022, the special mileage rates will be:

62.5 cents per mile for business miles driven;

22 cents per mile driven for medical or moving purposes; and

14 cents per mile driven in service of charitable organizations (same as before).

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