Have you been recording properly for your 2022 tax return?
The standard mileage rate has been updated for 2022.
Mileage recorded from Jan 1 through June 30 should be calculated at 58.5 cents per mile.
Mileage recorded from July 1 through Dec 31 should be calculated at 62.5 cents per mile.
The rate for medical and moving purposes increased from 18 cents per mile
to 22 cents per mile for July 1, 2022 - December 31, 2022.
The rate for mileage driven in service of charitable organizations is
14 cents per mile for all of 2022.
DPFT recommends that you start calculating mileage now as year-end approaches, and utilize mileage tracking apps such as Everlance, Timeero or Workyard.
An excel file or Quickbooks Expense Tracker will also help you to keep
the two mileage rates in order.