US Standard Mileage Rates for 2022
IRS issues standard mileage rates for 2022. Standard mileage rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
The following is the standard mileage rates for using a car (including trucks and vans) started on January 1, 2022.
- $ 0.585 per mile driven for business purpose, increases $ 0.025 from 2021.
- $ 0.18 per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, increases $ 0.02 dollars from 2021.
- $ 0.14 per mile driven in service of charitable organizations; the rate remains the same as 2021.
Taxpayers can use the standard mileage rates, but the car has to be used for business purpose and be used in the first year. For the years to come, taxpayers can choose between the standard mileage rates and actual expenses method.
If taxpayers choose to use rental vehicles and the standard mileage rates, the rates must be used for the entire rental period, including renewals.
USCPA Sophie Luo (羅霞) reminds you that taxpayers can choose to use the actual expenses of the vehicles instead of the standard mileage rates.
If you have any questions or need any further help,
please contact us at the USCPA Sophie Luo (羅霞) +886 980919600
or Email: ustaxproservice@gmail.com
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