July 26, 2022

IRS Announces New Medical Mileage Rate

The IRS announced the new medical mileage rate for taxpayers who deduct the cost of operating a vehicle for business, charitable, medical, or moving expense purposes when filing their taxes.

Effective July 1, 2022, the new rate for medical and moving is $.22 per mile, which is an increase from the previous rate of $.18. 

You can read the full text of this IRS Notice 2022-13 here.

Other Recent Posts
What are the benefits of enrolling in a High Deductible Health Plan (HDHP) and Health Savings Account (HSA)? Lower premiums can be one of the most significant benefits of an High-Deductible Health Plan (HDHP). By offsetting the higher deductible, lower premiums can often save participants money in the long run. Another big benefit is the...
A Health Savings Account can be a powerful tool to have in your healthcare and retirement toolbox. With the cost of healthcare rising every year, it is becoming a more popular method for investing and saving for future medical expenses. So, knowing how they function has also become a topic of interest for participants and...
What is ACA Compliance? The Affordable Care Act requires organizations to offer affordable insurance with minimum essential coverage and file the corresponding forms by the designated deadlines. 2023 ACA Compliance Changes & Penalties What is the compliance threshold? The ACA mandates that large employers, those with over 50 full-time equivalent employees, offer affordable minimum value...
Stay Updated

Join us to stay on top of the latest healthcare news, legislation and product features from Ameriflex

We value your privacy
We will not rent or sell your information