The IRS has published the reference amounts for mileage rates for 2022. The rates:
Beginning on January 1, 2022, the standard mileage rates for the use of a vehicle will be:
- 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021,
- 18 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2021, and
- 14 cents per mile driven in service of charitable organizations.
The standard rate for business is based on their analysis of the fixed and variable costs of operating a vehicle. The medical & moving rate is based on variable costs of operation.
Rates were published in Notice 2022-03 2022 Standard Mileage Rates.