Past IRS Standard Mileage Rates
Each year, the IRS releases a new standard mileage rate. The IRS calculates the business rate based on an annual study of the fixed and variable costs of operating a car. So when rates change, it’s due common car costs—like gas prices or insurance premiums—changing. (The medical and moving rates are just based on variable costs.)
As you can see below, the rates go up and down. Here is a look back at current and previous IRS mileage rates:
Want more information? Head to the IRS’s page on the Standard Mileage Rates.
July 1 - Dec 31, 2022
Jan 1 - June 30, 2022
65.5 cents per mile
14 cents per mile
Medical / Moving
22 cents per mile
It’s important to always use the latest mileage rate (found here).
The two most common ways to use the current standard mileage rate include:
- For self-employed tax deductions. Self-employed people can track mileage for the tax year with a tracking app (like Everlance). At tax time, multiply your year’s work mileage x the standard mileage rate of that tax year to calculate your deduction. (1,000 business miles x $.655 standard mileage rate for business = $655 deduction)
- For employee mileage reimbursements. Companies can use the Standard Mileage Rate reimbursement method (work miles X standard mileage rate for business for that year = reimbursement) to calculate how much to reimburse employees for work mileage.
Go to this article for the current mileage rate.
Want to easily manage your work mileage?
A mileage tracker like Everlance is like your personal assistant, creating detailed mileage logs of your work trips and lists of expenses for you. Try it today.