IRS raises mileage rates

06/10/2022 12:55 PM | Maggie Garry

On June 9, 2022, the IRS announced an increase in the optional standard mileage rate effective July 1, 2022 in recognition of recent gasoline prices.  The rate will increase 4 cents per mile to 62.5 cents.  The last time a midyear increase was imposed was in 2011.  

IRS increases mileage rate for remainder of 2022 | Internal Revenue Service

Sioux Empire SHRM is a 501(c)6 non-profit organization. | PO Box 1302 | Sioux Falls, SD 57101 | Chapter #217

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