The IRS has revised the 2022 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The revised rates apply to deductible transportation expenses paid or incurred on or after July 1, 2022.The standard mileage rates set forth in Notice 2022-03 con-
tinue to apply to deductible transportation expenses paid or incurred before July 1, 2022.
Beginning July 1, 2022
Business rate per mile* increases to 62.5¢ from 58.5¢
- A deduction for unreimbursed employee business travel is suspended for tax years
2018 through 2025, unless the deduction is allowed in determining adjusted gross
income, such as members of a reserve component of the Armed Forces, state or local
government officials paid on a fee basis, or certain performing artists.
** A deduction for moving expenses is suspended for tax years 2018 through 2025,
unless the taxpayer is a member of the Armed Forces on active duty who moves
pursuant to a military order and incident to a permanent change of station.
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