Due to the recent gasoline price increases, the IRS updated the optional standard mileage rates for the final six months of 2022. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes. Below are the standard mileage rates for 2022.
Taxpayers may use the standard mileage rates, instead of their actual expenses, to calculate certain deductions. For more information, you can read the Announcement 2022-13.
