The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2022.
Beginning January 1, 2022, the standard mileage rate for the use of a car for business purposes will be 58.5 cents per mile for business miles driven – an increase of 2.5 cents per mile over the 2021 rate. The standard mileage rate is based on an annual study of the fixed and variable costs of operating an automobile.
Churches that follow an accountable reimbursement plan should use the new rate to budget expenses for 2022.
-
Recent Posts
Recent Comments
Archives
Categories
- 03 – March 2018 (1)
- 05 – May 2016 (1)
- 09 – September 2015 (4)
- 2014 (44)
- 01 – January 2014 (14)
- 03 – March 2014 (10)
- 04 – April 2014 (6)
- 06 – June 2014 (4)
- 07 – July 2014 (1)
- 08 – August 2014 (2)
- 09 – September 2014 (1)
- 10 – October 2014 (1)
- 11 – November 2014 (1)
- 12 – December 2014 (4)
- 2015 (33)
- 01 – January 2015 (10)
- 02 – February 2015 (6)
- 03 – March 2015 (6)
- 04 – April 2015 (1)
- 07 – July 2015 (5)
- 08 – August 2015 (4)
- 11 – November 2015 (1)
- 2016 (18)
- 04 – April 2016 (1)
- 06 – June 2016 (1)
- 07 – July 2016 (1)
- 09 – September – 2016 (1)
- 10 – October 2016 (1)
- 11 – November 2016 (1)
- 12 – December 2016 (9)
- 2017 (8)
- 01 – January 2017 (1)
- 10 – October 2017 (1)
- 12 – December 2017 (6)
- 2018 (7)
- 01 – January 2018 (3)
- 02 – February 02 (2)
- 11 – November 2018 (1)
- 2019 (6)
- 01 – January 2019 (1)
- 03 – March 2019 (1)
- 09 – September 2019 (1)
- 11 – November 2019 (1)
- 12 – December 2019 (2)
- 2020 (5)
- 01 – January 2020 (1)
- 03 – March 2020 (3)
- 10 – October 2020 (1)
- 2023 (4)
- 01 – January 2023 (3)
- 02 – February 2023 (1)
- Cell Phones (1)
- Chaplains/Evangelists (16)
- Charitable Gifts (35)
- Church Loans (11)
- Credit Information (10)
- Expenses (23)
- Form 1099 (27)
- Form W-2 (88)
- Health Care (4)
- In the Know LIVE (2)
- Informational Manuals (39)
- Internal Revenue Service (183)
- Investments (27)
- Member Loans (2)
- Ministerial Housing Allowance (43)
- Ministers (132)
- National Debt (3)
- Pay Roll Taxes (28)
- Retirees (62)
- Retirement Contributions (56)
- Retirement Distributions (41)
- Social Security (26)
- Stock Market (10)
- Tax Information (205)
- 03 – March 2016 (1)
- Uncategorized (38)
- Webinars (1)
- Wills and Estates (10)
- Withdrawals (11)
Meta
Church of God Benefits Board, Inc. 