Travel by car for your business? There’s good news if you use the standard mileage rate for deducting your travel costs rather than actual operating expenses (gas, oil, repairs, etc.). The IRS has announced that the rate will increase by $.03 a mile for 2023. Keep track of those miles!
IRS issues standard mileage rates for 2023; business use increases 3 cents per mile
January 09, 2023