IRS Mileage Rate for 2022
The IRS issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile. Effective Jan 1, 2022, the standard mileage rates for the use of a car (also 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 and
- 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2021.
Mileage Reimbursement: Tax Benefits and State Laws
In 2008 a Starbuck employee in California sued her employer for non-payment of mileage reimbursement and was rewarded $8M for her troubles. Mileage Reimbursement – tax benefits There are no federal laws mandating that an employer must reimburse their employees for travel expenses such as rental cars, hotels, and flights. However, there are many federal […]
The Misconceptions of Mileage Tracking Apps
Companies and employees want an easy and simple mileage tracking solution that is accurate, automated, cost & time saving as well as easy to use. However, switching from a familiar paper and pen mileage tracking routine to an app-based mileage tracking solution can seem like a difficult transition and many companies hesitate to make the […]
