The Internal Revenue Service (IRS) recently announced the updated optional standard mileage reimbursement rates for 2023. The standard mileage rate is now $0.655 cents per mile, an increase of $0.03 cents from the last increase in June 2022. The IRS provided a mid-year raise in 2022 due to the rising cost of gas and inflation rates. The current 2023 mileage rates are as follow:
- $0.655 cents per mile is the standard mileage rate
- $0.22 cents per mile driven for medical or moving purposes for qualified active-duty members of the armed forces
- $0.14 cents per mile driven in service of charitable organizations; this rate is set by statute and remains unchanged from 2022.
To learn more about the mileage rate changes for 2023, visit: