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1 sty 2009 · Effective July 1, 2022, the mileage rate is 62.5 cents per mile. Effective January 1, 2022, the mileage rate is 58.5 cents per mile. Effective January 1, 2021, the mileage rate is 56 cents per mile.
17 gru 2021 · This code section sets the mileage rate at the amount allowed by the Internal Revenue Code for income tax deductions. Therefore, mileage reimbursement for travel on or after January 1, 2022, will be calculated at the new rate of 58.5 cents per mile. When calculating the amount reimbursed, all mileage listed on an expense account must be totaled
You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving. You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes.
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
Injured workers are paid at the same rate as persons traveling on official state business. The mileage rates and effective dates are listed below.
17 gru 2021 · 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,
Therefore, mileage reimbursement for travel on or after January 1, 2023, will be calculated at the new rate of 65.5 cents per mile. When calculating the amount reimbursed, all mileage listed on an expense account must be totaled and then multiplied by 65.5 cents (Example: 110 miles x .655 = $72.05).
