Industry Note:
Mileage Rate Climbs To 65.5 Cents Per Mile
Published on Fri Jan 06, 2023
To no one’s surprise, the Internal Revenue Service has once again upped its mileage rate. “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 3 cents from the midyear increase setting the rate for the second half [...]