top of page

The IRS Increases the Business Mileage Rate for 2022

Updated: Aug 26, 2022

Due to the rapidly rising cost of fuel, the IRS just raised the business mileage rate from 58.5 cents per mile to 62.5 cents per mile for July through December of 2022. The Business Mileage Rate is used to compute the deductible costs of operating an automobile for business use as an alternative to deducting actual auto expenses. For vehicle use from January through June of 2022, employers and employees should use the rates outlined in IRS Notice 2022-03. The IRS typically updates standard mileage rates for the next calendar year each fall.

Are you looking for someone to manage your companies books and/or file your taxes? If so, contact me today; I would be happy to assist you! I am a CA Registered Tax Preparer and an Advanced Certified QuickBooks ProAdvisor. I specialize in working with clients who use QuickBooks Online, QuickBooks Desktop (Windows), QuickBooks Enterprise, and QuickBooks Premier—located in Murrieta, CA, and in Southern California and the greater Las Vegas, Nevada area.

Bookkeeping & Accounting Expert Servicing:

Recent Posts

See All


bottom of page