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IRS Hikes Mileage for 2H 2022

Thursday, Jun 09 2022
Tax
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 Car mileageThe Internal Revenue Service is hiking standard mileage for business travel for the second half of 2022. An increase to 62.5 cents per mile will be in effect starting July 1.

The IRS this week noted the rise in gasoline prices in the decision to raise the rate 4 cents per mile from 58.6 cents per mile for the first half of the year. The agency said it is the first time it has issued a mid-year change since 2011

The medical/moving rate will rise from 18 cent per mile through June 30 to 22 cents per mile for the second half ot he. Year. 

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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