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IRS Raises Mileage Rate 3 Cents

Sunday, Jan 01 2023
Tax
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Highway 2022 The standard mileage rate for businesses is increasing by 3 cent per mile for 2023, the Internal Revenue Service said recently.

The rate is rising to  65.5 cents per mile this year for business use, up 3 cents per miles from the mid-year 2022 increase. The rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.

For qualified active-duty Armed Forces members, the rate for medical or moving purposes is 22 cent per mile, which was the rate set for the second half of 2022. The rate for driving for charitable purposes stays at the statutory rate of 14 cents per mile.

 

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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