Your premier HR partner
Let us take on your HR functions so you can strive for greatness.
Contact us.
Gas prices are on the rise, and the 2022 mileage rate soon will follow.The IRS announced its optional standard mileage rate for business use will increase 4 cents in July, with the new rate remaining in effect for the second half of 2022. Standard rates for medical care and moving active-duty members of the Armed Forces and service also will increase by 4 cents. Rates for mileage reimbursements for individuals serving nonprofit organizations will not change.That means the 2022 mileage rate for business travel will increase to 62.5 cents per mile and 22 cents per mile for medical care and active-duty moving.Mid-year increases for mileage rates are rare because the IRS typically establishes its reimbursement rates for the next year in the fall of the preceding year. This is the first mid-year increase since 2011, according to a report from the Society for Human Resource Management.The IRS bases its standard reimbursement rates on fuel costs along with other fixed and variable expenses associated with vehicle operation.Employers are not required under the Fair Labor Standards Act to reimburse employees for mileage associated with work-related driving, however some states do require employers to reimburse their employees for work-related mileage and vehicle expenses.Businesses can opt to pay more than the standard rate for mileage reimbursements or calculate the actual costs of vehicle use for work purposes.The 2023 rate will be set later this year.About us: As the Heartland’s leading employer services company, Syndeo partners with local business owners to help them minimize risk, improve efficiency and maximize profitability allowing them the freedom to focus on growth and fulfilling their mission. Syndeo fulfills its mission by taking on all of the HR responsibilities for our clients’ workforce, including employee relations, benefits, risk management and payroll. Winner of the 2020, 2021 and 2022 Best of HR Services Award through ClearlyRated for providing superior client service. See our ClearlyRated profile here.
Let us take on your HR functions so you can strive for greatness.
Contact us.