Most optional standard mileage rates used to calculate the deductible costs of operating an automobile for various purposes will rise for 2022. Beginning on Jan. 1, 2022, the standard mileage rate for vehicles (cars, vans, pickups and panel trucks) will be 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. Call or visit our website for more information! www.mjscpa.com/
