The Internal Revenue Service has issued the 2022 rates used to calculate the deductible costs of using a vehicle for business.
Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car, vans, pickups or panel trucks 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 for qualified active-duty members of the armed forces, up 2 cents from the rate for 2021.
- 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2021.
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile, according to the IRS.
Taxpayers can no longer claim a miscellaneous itemized deduction for unreimbursed employee travel expenses.
Taxpayers also cannot claim a deduction for moving expenses, unless they are members of the armed forces on active duty moving under orders to a permanent change of station, the agency said in a news release.
Notice 22-03 contains the optional 2022 standard mileage rates.
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