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Category: Tracking Expenses

2023 standard mileage rate increases 3¢ a mile

The IRS’s standard mileage rate, which you can use to reimburse employees who drive their own cars on business, or to value employees’ personal use of company vehicles first made available to them this year, increases to 65.5¢ a mile for 2023, up 3¢ from the July to December 2022 rate.