New Mileage Rate for July 1, 2022

In recognition of recent gasoline price increases, the Internal Revenue Service has announced an increase in the mileage reimbursement rate for the final six months of 2022. Effective July 1, 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year. The new rate for moving expenses will be 22 cents for the remainder of 2022, up 4 cents from the rate effective at the start of 2022. Please contact Tufts Support Services with any questions.