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The standard mileage rate for business travel will be 62.5 cents per mile. The new rate for deductible medical or moving expenses (available for active-duty members of the military) will be 22 cents per mile. The 14 cents per mile rate for charitable organizations remains unchanged as it is set by statute. These new rates become effective July ...The IRS has now announced that the four cents increase will take the standard mileage rate up to 62.5 cents per mile starting July 1. "For the final 6 months of 2022, the standard mileage rate for ...IRS Standard Mileage Rates from Jan 1, 2023: 65.5 cents per mile for business purposes. 22 cents per mile for medical and moving purposes. 14 cents per mile for charity purposes. Along with cars, vans, pickup trucks, or panel trucks powered by gasoline and diesel, the current IRS mileage rates also apply to hybrid and electric vehicles.State Mileage Rate Increase. Submitted by Jennifer Wilson. State of Kansas reimbursement for mileage rates have increased. Effective July 1, 2022, the state rates are established as: • 58.5¢ per mile for privately owned automobile • 56.5¢ per mile for privately owned motorcycleThe mileage reimbursement rate for all travel expenses incurred on or after January 1, 2023 has risen to 65.5 cents per mile. This rate change applies to all claimants, regardless of injury date, and coincides with the federal mileage reimbursement rate pursuant to Section 31-312 (a) of the Workers’ Compensation Act. Read more about mileage ...the moving reimbursement rate remains 16 cents per mile, and the airplane reimbursement rate remains $1.26 per air mile. K.S.A. 75-3203a provides that the mileage reimbursement rates shall not exceed the lowest of the following: 1. the rate allowed by the IRS; 2. the rate used in preparing the governor’s budget report under K.S.A. 75-3721,For travel from Jan. 1 through June 30, 2022, taxpayers should use the rates set forth in. Notice 2022-03. . The Internal Revenue Service released a statement on the change today. “For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year.Summary: FY 2022 Private Reimbursement Mileage Rates The Internal Revenue Service (IRS) has announced the standard mileage rates effective July 1, 2021. All rates remain unchanged.Privately Owned Vehicle Mileage Reimbursement Rates Effective Date Automobiles Airplanes GSA Rate see Note Airplanes Dry Rate ... July 1, 2022 $0.625 $1.810 $1.040 $0.605 January 1, 2022 $0.585 $1.515 $1.040 $0.565 January 1, 2021 $0.560 $1.260 $1.040 $0.540 January 1, 2020 $0.575 $1.270 $1.040 $0.545 January 1, 2019 $0.580 $1.170 $1.040 $0.510The surge in oil prices that caused gas prices to jump higher in 2021 is actually good news for taxpayers who claim a mileage deduction in 2022. ... standard mileage rates. Read more on the 2022 ...Mileage Driving: As of 1 January, 2021, the mileage rate is paid at $0.16 per authorized vehicle. The use of a maximum of 2 vehicles is authorized per family provided both vehicles are driven to the next duty station. 2. Official Travel Time: Generally, 1 day of travel time is allowed for each 350 miles of official distance of ordered travel.“Beginning on January 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 ... Update: View the 2022 mileage reimbursement rates here. Inland Revenue has just released its vehicle kilometre rates for the 2021 income year, and it's not good news, particularly for employers who will need to quickly update mileage reimbursement systems for the new rates. For the first time since the 2016 income year the main IR rate has ...Appendix A: CRA Kilometric Rates. Effective: January 1, 2022. The kilometric rates (payable in cents per kilometre) will be used for the application of the Directive on Travel. Rates are payable in Canadian funds only. Rates are reviewed on a quarterly basis effective January 1st of every year.The IRS has released the mileage rates for 2022 in Notice 2022-3. [1] A taxpayer using the standard mileage rates must comply with the requirements of Revenue Procedure 2019-46. [2] The standard mileage rate for 2022 will be 58.5 cents per mile for business use. [3] The portion of this business mileage that is treated as depreciation is: 26 ...standard business mileage rate established by the Internal Revenue Service. Beginning on July 1, 2022, the Internal Revenue Service rate will be 62.5 cents per mile (IRS Announcement 2022- 13). Effective July 1, 2022, the new mileage reimbursement rateto claimants to and from a place of medical attention is 62.5 cents per mile.

On June 9, 2022, the Internal Revenue Service issued Announcement 2022-13, increasing the optional standard mileage rate for the final six months of 2022 from 58.5 cents per mile to 62.5 cents per mile. The new rate will be effective for traveling beginning on July 1, 2022, through December 31, 2022. The old rate of 58.5 cents per mile will remain in effective through June 30,Beginning on Jan. 1, 2022, the standard mileage rates for the use of a car, vans, pickups or panel trucks will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021.8,100 miles x 58.5 cents ($0.585 first half of the year) = $4,738.50 plus 8,100 miles 62.5 cents ($0.625 second half of the year) = $5,062.50 for a total of $9,801 for the year. In this case, the standard mileage method gives you the bigger tax benefit. The business-use percentage usually varies from year to year.Average Towing Cost Per Mile. Most tow companies charge $50 to $125 for a 5- to 10-mile local tow, or a $75 hook-up fee and $2 to $4 per mile for long-distance towing. The average 40-mile tow costs $125 to $250. Before you call a tow truck company, check your car insurance policy for free tow-truck service coverage. Towing cost per mile - chart.

M&IE and lodging rates, those rates should be used as • Rates published October 1 - for travel occurring between October 1 and March 31 of each year. • Rates published April 1 - for travel occurring between April 1 and September 30 of each year Contiguous United States (CONUS)- o U.S. General Services Administration website:The IRS standard mileage rates for 2022 are listed as followed: 62.5 cents per business mile, which is up 4 cents from the start of 2022 and takes effect July 1, 2022. 22 cents per mile for medical or moving purposes, which was previously 16 cents per mile in 2021. 14 cents per mile for charitable causes, the same rate as 2021 due to U.S. statute.…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Mileage reimbursement rate. We currently pay. Possible cause: The IRS has increased the standard mileage rates used to calculate the cost.