Irs 2023 Mileage Rate
62.5 cents per mile for business purposes. For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year. On the other hand, the rate was 18. 22 cents per mile for medical and moving purposes, up 4 cents.
![Denmark Increases Mileage Rates Due To Rising Fuel Prices [Graphs]](https://i2.wp.com/storage.googleapis.com/driversnote-marketing-pages/Canada Fuel prices vs. mileage rates.png "Denmark Increases Mileage Rates Due To Rising Fuel Prices [Graphs]")
The irs has not yet released the standard mileage rates for 2023 yet. On the other hand, the rate was 18. Before the adjustments, the rate was 58.5 cents per mile, which will be driven for business use. For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year.