Standard mileage rate updated

As of Jan. 1, 2023, the standard mileage rate for the use of a car (also vans, pickups or panel trucks) is:

65.5 cents per mile driven for business use, up 3 cents (62.5 cents) from the midyear increase setting the rate for the second half of 2022.

The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile.