Effective 1/1/2023, IRS has increased the standard business mileage rate to 65.5¢ per mile. The standard medical mileage rate has likewise increased to 22¢ per mile. These new rates apply to mileage reimbursements paid to an employee on or after January 1, 2023 with respect to transportation expenses paid or incurred by the employee on or after January 1, 2023.

The rate used for charitable deduction purposes, set by statute rather than IRS, remains at 14¢ per mile.