The IRS has announced the new standard mileage rates for 2023. Beginning January 1, the new mileage rate for business use will be 65.5 cents/mile, which is an increase of 3 cents/mile. This new rate applies to all electric, hybrid-electric, gasoline and diesel-fueled vehicles. Other rates apply to miles driven for medical purposes and charitable organizations.

For more details, please see IRS Notice 2022-234.

Source: IRS