2023 IRS Mileage Allowance - Update
The IRS has announced the new standard mileage rates for 2023 effective January 1, 2023. The standard mileage rate will increase to 65.5¢ per mile for business miles driven beginning January 1, 2023, up 3 cents from 62.5¢, which was the midyear increased rate for the second half of 2022.
Additionally, the 2023 mileage rate for medical or moving purposes for qualified active duty members of the Armed Forces remained unchanged at 22¢ per mile.
The mileage rate for driving an automobile for charitable purposes during 2023 will remain unchanged at 14¢ per mile.