Page 76 - OIC Guide
P. 76

STANDARD M ILEAGE RATE






           - Business:  For miles traveled between Jan 1, 2022

               and June 30, 2022, 58.5 cents per mile; for miles


               travelled between July 1, 2022 and Dec 31, 2022,

               62.5 cents per mile.


                  - Business mileage is no longer deductible as an

                       unreimbursed employee business expense,


                       except for members of reserve component of

                       the U.S. armed forces, state or local government

                       officials paid on a fee basis, and certain


                       performing artists.


        For business autos for which the optional business

        standard mileage rate is used, the portion treated as


        depreciation is 26 cents per mile.











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