On June 9, 2022 the IRS announced an increase in the optional standard mileage rate for the final 6 months of 2022. From July 1 through the end of the year, the standard mileage rate for business travel will be 62.5 cents per mile, up from 58.5 cents that was effective at the start of the year. The new rate for deductible medical or moving expenses (available for active-duty members of the military) will be 22 cents for the remainder of 2022, up from 18 cents.
"The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices," said IRS Commissioner Chuck Rettig. "We are aware a number of unusual factors have come into play involving fuel costs, and we are taking this special step to help taxpayers, businesses and others who use this rate.”
The last time the IRS made a mid-year change was in 2011.