Mid-Year Optional Standard Mileage Rate Change in 2022

On June 9, 2022, the IRS announced an increase in the optional standard mileage rate for the final six months of 2022 as follows:

  • 62.5 cents for every mile of business travel driven (up four cents from the rate effective at the start of the year);
  • 22 cents per mile for medical care or moving purposes (up four cents from the rate effective at the start of the year); and
  • The 14-cents-per-mile rate for charitable organizations remains unchanged, as it is set by statute.

Mid-year increases in the optional mileage rates are rare; however, due to the recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2022.  The IRS normally updates the mileage rates once a year in the fall for the next calendar year.  For travel from January 1 through June 30, 2022, the rates are set forth in Notice 2022-03.

The last time the IRS made a mid-year increase in the standard rates was in 2011.

About Schneider Downs Transportation & Logistics

The Transportation & Logistics industry group includes assurance, tax, technology and management consulting professionals who combine their individual expertise to serve transportation and logistics companies throughout the United States. For more than 30 years, we have worked with multiple large clients in the top 100 and continue to provide innovative solutions to help our clients reach their strategic goals.

For more information visit our dedicated Transportation and Logistics page.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2022 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
Bring Extra Water to Put Out That EV Fire
EVs Are Zero Emissions? Not!
Industry Keeps Eye on Rising Costs in Driver Recruitment and Retention
Will a Gas Tax Holiday Aid in Lowering the Price of Gas?
ATA Wins Decision Blocking Rhode Island Truck-Only Tolling Plan
Effects of Rising Natural Gas Prices
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.