Individuals can deduct vehicle-related expenses in certain circumstances. Unfortunately, under current law, you may not be able to deduct as much as you could years ago. For 2018 through 2025, business and moving miles are deductible only in limited circumstances. Fortunately, if you’re eligible to deduct driving costs, the IRS recently increased the standard amounts for the second half of the year. The 2022 rates vary depending on the purpose: business — 62.5 cents for July 1 to Dec. 31, and 58.5 cents for Jan. 1 to June 30; medical for all eligible taxpayers and moving for active-duty military — 22 cents for July 1 to Dec. 31, and 18 cents for Jan. 1 to June 30; and charitable — 14 cents.
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