On June 9, the Internal Revenue Service (IRS) updated the Federal mileage reimbursement rate from its current $0.585 per mile to $0.625 per mile. This change is effective for miles driven on and after July 1, 2022. Consistent with the updated mileage reimbursement notice of March 7, 2022; the organization will align its mileage reimbursement rate to coincide with the IRS’s updated mileage reimbursement rate effective July 1, 2022. The updated rate will be reflected in paychecks dated July 15, 2022.
Please contact Trent or a member of the Human Resources team if you have any questions!