2022 Change to Standard Mileage Rates

Your corporation is allowed to reimburse you for your business mileage throughout the year if you provide the company with evidence. 
Unlike partnerships and sole proprietors, a corporate entity must make a reimbursement payment or the deduction is lost; shareholders and employees cannot claim a business mileage deduction on their individual income tax returns. 

Please note: The IRS reimbursement rate will change on July 1, 2022 to account for higher fuel costs. 

Standard Mileage Rate deduction (cents per mile)
Business miles58.562.5
Medical miles18.022.0
Military moving miles18.022.0
Charitable miles14.014.0