Charitable $0.14/mile, note that this rate is fixed by law
For the second half of 2022 the mileage rates are increasing four cents to the following amounts:
In some cases business owners calculate actual vehicle costs rather than using the above noted standard mileage rates. If you use the actual costs method, you would have already seen an increase in your business costs.
For more information take a look at IRS News Release IR-2022-124 and for more information on the actual costs method vs standard costs method, take a look at our 2019 article, Getting the Most Out of Your Business Vehicles Expenses.