The Internal Revenue Service increased the 'optional standard mileage rate' used to calculate tax deductions by 3 cents a mile for 2023.
The Internal Revenue Service is increasing the mileage rate starting Jan. 1, 2023. Photo: Al Drago/Bloomberg via Getty Imagesused to calculate tax deductions by 3 cents a mile for 2023.The increase brings the IRS rate to 65.
It's also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.the national average gas price per gallon for regular unleaded was $3.179 Friday down from the record high of $5.016 on June 14, according to the latest data from
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