IRS Notice 2022-03 provides maximum mileage rates for 2022 for the use of an automobile as follows.
- Business: $.585 per mile
- Medical: $.18 per mile
- Charitable: $.14 per mile
These amounts represent an increase in the business mileage rate of $.025 and the medical mileage rate of $.02. The charitable mileage rate is unchanged.
Please update your policies accordingly, and have a Happy and Prosperous New Year!