{"id":13270,"date":"2023-01-03T09:35:08","date_gmt":"2023-01-03T14:35:08","guid":{"rendered":"https:\/\/gtm.com\/business\/?p=13270"},"modified":"2023-01-06T12:35:05","modified_gmt":"2023-01-06T17:35:05","slug":"2023-standard-mileage-rates","status":"publish","type":"post","link":"https:\/\/gtm.com\/business\/2023-standard-mileage-rates\/","title":{"rendered":"The 2023 Standard Mileage Rates Have Been Announced"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13272 size-full\" src=\"https:\/\/gtm.com\/business\/wp-content\/uploads\/2023\/01\/pexels-mikhail-nilov-7736045.jpg\" alt=\"2023 standard mileage rates\" width=\"1024\" height=\"768\" srcset=\"https:\/\/gtm.com\/business\/wp-content\/uploads\/2023\/01\/pexels-mikhail-nilov-7736045.jpg 1024w, https:\/\/gtm.com\/business\/wp-content\/uploads\/2023\/01\/pexels-mikhail-nilov-7736045-980x735.jpg 980w, https:\/\/gtm.com\/business\/wp-content\/uploads\/2023\/01\/pexels-mikhail-nilov-7736045-480x360.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/>On Dec. 29, 2022, the IRS <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-23-03.pdf\">announced<\/a> the 2023 optional standard mileage rates, which calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.<\/p>\n<p>The 2023 standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be:<\/p>\n<ul>\n<li>65.5 cents per mile driven for business use, up three cents from the midyear rate for the second half of 2022;<\/li>\n<li>22 cents per mile driven for medical purposes or for moving purposes for qualified active duty members of the Armed Forces, unchanged from the midyear rate for the second half of 2022; and<\/li>\n<li>14 cents per mile driven in service of charitable organizations. The rate is set by statute and remains unchanged from 2022.<\/li>\n<\/ul>\n<p>Under the Tax Cuts and Jobs Act, taxpayers <strong>cannot<\/strong> claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also <strong>cannot <\/strong>claim a deduction for moving expenses, unless they are members of the Armed Forces on active duty moving under orders to a permanent change of station.<\/p>\n<p>Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.<\/p>\n<p>Taxpayers can use the standard mileage rate but must opt to use it in the first year the car is available for business use. Then, in later years, they can choose either the standard mileage rate or actual expenses. Leased vehicles must use the standard mileage rate method for the entire lease period (including renewals) if the standard mileage rate is chosen.<\/p>\n<p><em>\u00a9 2022 Zywave, Inc. All rights reserved.<\/em><\/p>\n<h2>Get Help from GTM for Reimbursing Employees Using the 2023 Standard Mileage Rate<\/h2>\n<p>With <a href=\"https:\/\/gtm.com\/business\/how-expense-management-technology-benefits-your-business\/\">Expense Management<\/a>, part of\u00a0<a href=\"https:\/\/gtm.com\/business\/what-we-offer\/human-capital-management\/\">isolved\u00a0\u2013 GTM\u2019s human capital management platform<\/a> \u2013 you can submit, oversee, and approve single expense entries, with trip and guest shortcuts that are accessible whether at your desk or on the road. Employees have full transparency into their expense status, pay history, and inputs into personal tax statements.\u00a0<a href=\"https:\/\/gtm.com\/business\/get-a-quote\/\">Request a free quote<\/a>\u00a0to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The standard mileage rates for business use have increased by three cents from the midyear rate for the second half of 2022.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[232],"tags":[290,26,93],"post_folder":[],"class_list":["post-13270","post","type-post","status-publish","format-standard","hentry","category-gtm-biz-blog-isolved","tag-expense-management","tag-irs","tag-mileage"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/13270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=13270"}],"version-history":[{"count":4,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/13270\/revisions"}],"predecessor-version":[{"id":13284,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/13270\/revisions\/13284"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=13270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/categories?post=13270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/tags?post=13270"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/post_folder?post=13270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}