The IRS recently issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
As of Jan. 1, the standard mileage rates are 65.5 cents per mile driven for business (up 3 cents from the midyear rate increase), 22 cents per mile driven for medical or moving purposes for qualified active-duty military members (consistent with the midyear increase), and 14 cents per mile driven in service of charitable organizations (unchanged).
The IRS establishes the standard mileage rate for business use on an annual study of the fixed and variable costs of operating an automobile. The IRS sets the rate for medical and moving purposes on the variable costs. Read more.