NOTE: IRS increases mileage rate effective 7/1/2022

In an unusual move, the IRS is increasing the mileage rate effective July 1, 2022 to 62.5 per mile driven for business. (That rate is up 4 cents from the rate set on January 1, 2022.)

That means that any reimbursement made for miles driven between January 1 and June 30, 2022 will be paid at 58.5 cents per mile while reimbursement for miles driven between July 1, 2022 and December 31, 2022 will be paid at 62.5 cents per miles.

It is important to note that under the Tax Cuts and Jobs Acts, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Most taxpayers also cannot claim a deduction for moving expenses.

The reimbursement rate for miles driven in service to the Presbytery of Lake Michigan will remain at 14 per mile. That is the IRS rate per mile drive in service to charitable organizations, and is set by statute.

Mid-year increases in the mileage rates are rare. The last time the IRS made such an increase was in 2011.Find more details about the increase at https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022