Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.
The standard mileage rate for business travel will be 65.5 cents per mile, up three cents from the rate which increased July 2022. The new rate for deductible medical or moving expenses (available for active-duty members of the military) remains 22 cents. The 14 cents per mile rate for charitable organizations remains unchanged as it is set by statute.
