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
    • 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.

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