By: The IRS has announced the standard mileage reimbursement rates for 2023.
As of January 1, 2023, the mileage rates are:
- 5 cents per mile for business miles driven (this rate is up 3 cents from the mid-year increase in 2022)
- 22 cents per mile for miles driven for medical or moving purposes (this amount stays the same from 2022)
- 14 cents per mile for charitable organizations (this amount also stays the same from 2022)
Alternatively, taxpayers always have the option of calculating the actual costs of using a vehicle rather than using these standard rates.
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