Published June 30, 2022
The IRS announced the 2022 standard mileage rate for business use of a personal vehicle, which is based on an annual study of the costs of operating an automobile.
The new rate for business miles driven for travel taking place on or after July 1, 2022, is $0.625 per mile, an increase from $0.585 in January 2022.
The 2022 mileage rate will automatically show in the travel and expense reimbursement system (Concur) effective July 1, 2022.
For non-employee and guest reimbursements, the Travel office will adjust any paper travel vouchers received for travel taking place as of July 1, 2022 that has the January -June 2022 rate. They will email a scanned copy of the revised voucher to the individual identified on the voucher as the travel preparer.