IRS Mileage Rate Change Notice - July 2022

Notice for all customers. Instructions for update for customers running Microsoft Dynamics 365 Finance. 

The IRS has issued a notice that the mileage rate change for July 1, 2022 - December 31, 2022 is 62.5 cents. You will need to make changes your settings in D365 Finance to accommodate this change. 

IRS Notice:  https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022 

How to change the Mileage Rate in D365 Finance

1. Go to Expense Management > Setup > General > Expense Management Parameters
   
   
   
   
2. On the General tab, set the rate in the Standard Rate Of Mileage field.
   
   
   
   
3. Save the record. The mileage rate will be effective this change forward for expense reports. You may have to adjust the rate of existing reports if this change is not completed on or before 07/01/2022. 

Oak Hall Group provides implementation and support services to Microsoft Dynamics 365 users, companies, partners, and Microsoft. Our team has over 50 combined years of experience with the product and implementations. Contact us for Implementation and Support Services. 

Oak Hall Group
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