Category: Announcements|Business Operations|IRS

  • The IRS Standard Mileage Rate Increases Continue in 2023

      With gas prices reaching record highs during 2022, the IRS adjusted mileage rates to provide some relief for miles driven for the following purposes: business, medical, and/or charity. At the launch of 2023, the IRS increased the standard mileage rates as follows: Business miles – From 62.5 cents per mile (effective 7/1/22) to 65.5…