Most optional standard mileage rates used to calculate the deductible costs of operating an automobile for various purposes have risen in 2022. As of Jan. 1, 2022, the standard mileage rate for vehicles (cars, vans, pickups and panel trucks) is 58.5 cents per mile driven for business (up 2.5 cents per mile from 2021). The rate per mile driven for medical or (for certain military members) moving purposes will be 18 cents (up 2 cents per mile from 2021). The per mile rate driven for charitable purposes will remain 14 cents per mile. Taxpayers can also use the actual costs of using their vehicles to calculate the deductible amount. Contact us with questions. #mileage #automobile #taxes #car
Search Posts
Recent Posts
Post Categories
Post Archives
- August 2023
- July 2023
- June 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020