Photo of Overlook Corporate Center building and landscaping
Finance News

Standard Mileage Rates

Posted in: Announcements

IRS Announces 2023 Standard Mileage Rates

The Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2023 – the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 65.5 cents per mile driven for business use, up from 62.5 cents per mile for the second half of 2022..

Information regarding mileage and other per diem rates can be found on and information regarding medical and moving expenses can be found on

View further information on Travel Regulations