The Internal Revenue Service (IRS) issued the 2023 standard mileage rates effective January 1.
The updated rates include a 3 cents per mile increase for business use. The standard mileage rates for the use of a car, van, pickup, or panel truck are:
- 65.5 cents per mile driven for business use
- 22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces
- 14 cents per mile driven in service of charitable organizations
The rates apply to electric, hybrid-electric, gasoline, and diesel-powered vehicles.
For more information, visit the IRS website .
Sarah James is the communications specialist at TASB HR Services. Send Sarah an email at firstname.lastname@example.org.
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Tagged: Compensation, HR