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IRS mileage rate increase effective January 1, 2023
January 11, 2023
Effective January 1, 2023, the IRS standard mileage rates for the use of a car, van, pickup truck, or panel truck for university business purposes are:
- 65.5 cents per mile for business use
- 22 cents per mile for moving purposes
These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.
The updated mileage rates are applicable to expenses incurred on or after January 1, 2023.
Workday has been updated for the standard mileage rate of 65.5 cents per mile for business travel effective January 1, 2023.For more information, please refer to the Controller’s Office Factsheet.