What are the Standard Mileage Rates for tax year 2023?
| Purpose | Rates |
| Business | 35.5 cents per mile |
| Medical/Moving | 22 cents per mile |
| Charitable | 14 cents per mile |
What was the Standard Mileage Rate for prior years?
The standard mileage rate for the use of a car (also vans, pickups or panel trucks):
|
Year |
Business Miles |
Medical/Moving |
Service to Charitable Organization |
|
2022 |
Jan 1 to June 30, 2022: 58.5 cents per mile July 1 to Dec 31, 2022: 62.5 cents per mile |
Jan 1 to June 30, 2022: 18 cents per mile July 1 to Dec 31, 2022: 22 cents per mile |
Jan 1 to June 30, 2022: 14 cents per mile July 1 to Dec 31, 2022: 14 cents per mile |
|
2021 |
56 cents per mile |
16 cents per mile |
14 cents per mile |
|
2020 |
57.5 cents per mile |
17 cents per mile |
14 cents per mile |
Taxpayers can use either standard mileage rates or actual expenses for the vehicle but not both. If a taxpayer has previously used the MACRS (Modified Accelerated Cost Recovery System) depreciation method or claimed Section 179 deduction, for the vehicle, they may not use the business standard mileage rate.
For more information, you can visit the IRS website.