The mileage rates cover variable costs for vehicle operations such as gasoline, oil, tires, maintenance, and repairs, and fixed costs for vehicle operations such as insurance, registration, depreciation, and leasing. The IRS recently released guidance (Notice 2022-03) providing the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.Beginning on Jan. 1, 2022, the standard mileage rates for the use of an automobile are: 58.5 cents per mile for business miles driven (up from 56 cents in 2021) I am happy to share my opinion in a humorous manner on the great things in life - if necessary with a firm stance on the subject -, sharing my own raw thoughts. For that, an automatic mileage tracker app is strongly recommended, as you can save yourself plenty of hours when automatically logging your 1000+ trips/month compared to tracking your miles on paper or an Excel sheet. Report ADA Accessibility Concerns Because of record-high gas prices, their rates for the second half of 2022 . Last year, the IRS upped the federal mileage rates for 2022 Q3 & Q4 by 6,4% (58.5 cents to 62.5 cents), further increasing it by 4,5% for 2023 means that youll be able to deduct more when you file a Mileage Tax Deduction in 2023. [CDATA[/* >