Finally! Mileage Rates Go Up
It’s been a while, but the standard mileage rate goes up in 2022. The rate you can use to calculate your mileage deduction for business purposes went from 56 cents per mile last year to 58.5 cents per mile in 2022.
Thank goodness! It’s not like gas rates have been going up or anything, and the 2021 mileage rate, down from 57.5 cents in 2020, definitely did not reflect the real world.
See, 2021, we knew you couldn’t keep us down.