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Oracle General Ledger (GL) Month End Close Schedule

2022

Standard Mileage Rates for 2022

The IRS announced an increase in the optional standard mileage rates for 2022 (effective for expenses paid or incurred on or after January 1).  Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.

The College has adopted the optional standard mileage rates for the use of a car (also vans, pickups or panel trucks) as follows:

58.5 cents per mile for business miles driven
18 cents per mile driven for medical or moving purposes*
14 cents per mile driven in service of charitable organizations**

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil.

*The rate for medical and moving purposes is based on the variable costs, such as gas and oil.
**The charitable rate is set by law.

2021

REAL IDs Required for Travel extended to May 3, 2023

The Transportation Security Administration is reminding travelers that beginning May 3, 2023, every traveler must present a REAL ID compliant driver's license, or another acceptable form of identification, to fly within the United States. For more information go to the Department of Homeland Security site and review your states’ Division of Motor Vehicles site.

New Hampshire Residents:

REAL ID Overview
Required Documents
Hours & Locations
Expanded Hours for REAL ID Only: second Saturday of each month from 8AM-12PM in Concord, Dover, Manchester, Nashua, Newport, and Twin Mountain.

Vermont Residents:

REAL ID Overview
Required Documents
Locations
Expanded Hours until 6PM on Wednesdays in Montpelier, Rutland, and Springfield, VT.

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