AAA Mileage rates for 2022 are out! This rate calculation is an important tool to use when planning trips and estimating costs. This guide provides information on how the rate was determined and what you can expect for future trips. It also answers five frequently asked questions (FAQs) about the new mileage rates.
Table Of Content:
- YOUR DRIVING COSTS 2021
- IRS Raises Standard Mileage Rate for 2022
- AAA's Your Driving Costs – AAA Exchange
- IRS Raises Standard Mileage Reimbursement Rate for 2022
- IRS Raises Standard Mileage Rate for July to December 2022 ...
- AAA Gas Cost Calculator
- IRS mileage rate now 62.5 cents per mile as gas prices soar
- Untitled
- With gas prices spiking this Memorial Day, Capitol Hill awaits IRS ...
- March 23, 2022 The Honorable Charles P. Rettig Commissioner ...
1. YOUR DRIVING COSTS 2021
https://newsroom.aaa.com/wp-content/uploads/2021/08/2021-YDC-Brochure-Live.pdfHow Much Does it Really Cost to Own a New Car? Shown to the right are average per-mile costs for 2021 as determined by AAA, based on the driving costs ...
2. IRS Raises Standard Mileage Rate for 2022
https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/irs-raises-standard-mileage-rate-for-2022.aspx
Dec 21, 2021 ... Effective Jan. 1, 2022, the optional standard mileage rate used in deducting the costs of operating an automobile for business purposes will be ...
3. AAA's Your Driving Costs – AAA Exchange
https://exchange.aaa.com/automotive/aaas-your-driving-costs/
How Much Does it Cost to Drive? Following are average per-mile costs as determined by AAA, based on the driving costs for nine vehicle categories weighted ...
4. IRS Raises Standard Mileage Reimbursement Rate for 2022
https://www.klc.org/News/10135/irs-raises-standard-mileage-reimbursement-rate-for-2022
Jan 4, 2022 ... For cities that use the IRS rate to reimburse employees and elected officials for mileage, be aware that on January 1, 2022, the IRS will ...
5. IRS Raises Standard Mileage Rate for July to December 2022 ...
https://www.littler.com/publication-press/publication/irs-raises-standard-mileage-rate-july-december-2022
Jun 9, 2022 ... On June 9, 2022, the Internal Revenue Service issued Announcement 2022-13, increasing the optional standard mileage rate for the final six ...
6. AAA Gas Cost Calculator
https://gasprices.aaa.com/aaa-gas-cost-calculator/
AAA GAS COST CALCULATOR. Today's AAA National Average. $4.366. Price as of 7/24/22. where are you going? Please select Starting location and Destination.
7. IRS mileage rate now 62.5 cents per mile as gas prices soar
https://www.freep.com/story/money/personal-finance/susan-tompor/2022/06/13/irs-mileage-rate-gas-prices/7607561001/
Jun 13, 2022 ... The new IRS rate will be 22 cents a mile — also up 4 cents — for deductible medical expenses for the remainder of 2022. The 22 cents a mile ...
8. Untitled
https://www.fdp.legal/wp-content/uploads/2021/12/Mileage-Reinbursement-Rate-Thru-3-31-22.pdf
The mileage reimbursement rate for January 1 - March 31, 2022 is 44¢ per mile. ... rate is determined using the American Automobile Association (AAA) Daily ...
9. With gas prices spiking this Memorial Day, Capitol Hill awaits IRS ...
https://www.dontmesswithtaxes.com/2022/05/memorial-day-travel-congress-requests-tax-deductible-mileage-rate-hikesting-as-more-o.htmlMay 24, 2022 ... AAA Memorial Day 2022 forecast AAA predicts 39.2 million people will ... These amounts are known as the optional standard mileage rate that ...
10. March 23, 2022 The Honorable Charles P. Rettig Commissioner ...
https://www.nafcu.org/letter-irs-2022-standard-optional-mileage-rate-File
Mar 23, 2022 ... urges the IRS to revise its 2022 optional standard mileage rates to ... (AAA) the price of a gallon of regular gasoline broke a 14-year ...
What is the AAA Mileage Rate?
The AAA Mileage Rate is a measure of the average cost per mile for operating a vehicle in 2022, including fuel, repair, maintenance, taxes and depreciation. It is set by multiple factors such as price of fuel and vehicle depreciation rates.
How is the rate calculated?
The AAA Mileage Rate is calculated using several factors, including vehicle's make and model, gas prices, oil change costs, tyre life expectancy and more. Additionally, any taxes applicable to traveling may also be taken into consideration.
What does this mean in terms of car ownership?
Generally speaking this means that owning a car has become more expensive due to rising fuel prices and other associated costs with ownership. Depending on your personal circumstances it may be worthwhile considering public transport or ride sharing services for your daily commute or longer trips.
How often will the rate be adjusted?
Typically the AAA Mileage rate will be updated every year to ensure that it accurately reflects changes in travel expenses over time. As such, it’s important to check back regularly for updates on the most current rates and calculations available to plan ahead accordingly.
Are there any other benefits to using the AAA Mileage Rates?
Yes! When you use the AAA Mileage Rate calculator you are also able to estimate total trip costs before taking off which can help in budgeting for long journeys or family vacations. In addition to calculating costs you can also save time by using pre-determined routes based on traffic patterns that reduce overall drive times.
Conclusion:
The 2022 AAA Mileage Rate provides an important tool for travelers who need accurate estimates of their travel expenses when planning trips or commuting distances - whether long or short - without any hidden surprises along the way! With easy-to-use tools like mileage calculators drivers have all the information they need at their fingertips to stay connected while saving time and money in 2022!