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 cents per business mile driven.
The following to note, but remains unchanged from the IRS update made effective 7/1/22:
- Medical – 22 cents per mile driven for medical or moving purposes (moving purposes only for qualified active-duty members of the Armed Forces)
- Charitable – 14 cents per mile driven in service of charitable organizations
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- Reminders to our clients:
- There is always the option of calculating actual costs rather than using the standard mileage rates.
- Leased vehicles must use the standard mileage rate for the entire period if the standard mileage rate is chosen.
- Reminders to our clients:
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