what is the mileage reimbursement rate for 2023

The mileage reimbursement rate for 2023 depends on the purpose of the travel. According to the IRS, the standard mileage rate for business purposes is 65.5 cents per mile, while the rate for medical and moving purposes is 22 cents per mile, and the rate for charitable purposes is 14 cents per mile. These rates apply to travel starting on January 1, 2023. The IRS revisits the official mileage rates each year and takes into account both fixed and variable expenses such as fuel, repairs, insurance, road tax, and more.