IRS Increases 2022 Mileage Reimbursement Rate to 62.5 Cents
Posted On June 15, 2022
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The Internal Revenue Service has announced that beginning July 1, 2022, the standard mileage rate for the business use of an automobile will be 62.5 cents per mile, an increase of 4 cents per mile from the current 58.5 cent rate. All mileage reimbursement requests from MCPS employees for mileage incurred on or after July 1, 2022, will be processed using the 62.5 cent rate.