Here are the latest and greatest enhancements to the Certify Expense application:
Default Mileage Reimbursement Rate Update
Due to rising gas prices, the IRS has issued an update to standard mileage rates, effective 7/1/22. These have been loaded into Certify and will go into effect for any mileage category using the default US Business rate with an expense date of 7/1/22 or later.
Certify aligns US Default mileage rates to the recommendations from the IRS. Custom Rates can be created if a company prefers to manage/modify their own mileage rates.
The new rates are:
- Business - 62.5 cents per mile (up from 58.5 cents per mile)
- Medical/Moving - 22 cents per mile (up from 18 cents per mile)
The reimbursement rate for charitable purposes remains at 14 cents per mile.
A Press Release from the IRS further outlines the reasoning behind the mid-year adjustment.