Search results
Standard mileage rate. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. Car expenses and use of the standard mileage rate are explained in chapter 4.
- File
Find guidance for filing personal income taxes and tax...
- IRS New Media 1
Connect with the IRS on social media: IRS2Go mobile app, X,...
- Pub. 463
Information about Publication 463, Travel, Entertainment,...
- IRB
IRB in HTML Download PDF Title; Internal Revenue Bulletin:...
- Standard Mileage Rates
The standard mileage rates for 2023 are: Self-employed and...
- File
25 maj 2024 · IRS Mileage Reimbursement Rates In 2023. The IRS is continually updating its standard mileage reimbursement rate to reflect the inflationary pressures on the cost of gas and maintaining a vehicle. As of the 1st of January 2023, the IRS standard mileage reimbursement rate for businesses is 65.5 cents per mile.
17 lis 2022 · How is mileage reimbursement calculated? The IRS sets a standard mileage reimbursement rate of 58.5 cents per business mile driven in 2022. This rate is based on an annual study of the fixed and variable costs of operating a vehicle, like gas, insurance, depreciation, and standard maintenance.
12 sty 2023 · To calculate the amount of the reimbursement, the number of kilometres reported in the mileage logbook is multiplied by a rate for 1km. To receive it, the employee files a written statement of using his or her private car for business purposes in a respective month. New mileage rates.
23 paź 2023 · As of July 2022, the standard mileage rate is $0.625 per mile. For trips in 2022 that occurred from January to July, the rate was $0.585 per mile. Many employers reimburse employees at...
29 gru 2022 · Beginning on January 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 3 cents from the midyear increase setting the rate for the second half of 2022.
