The optional standard rate for deductible costs for operating an automobile for business will increase to 65.5 cents per mile in 2023, a 3-cent increase from the current rate, according to the IRS. The new rates begin Jan. 1 and apply to electric and hybrid-electric vehicles, gasoline, and diesel-powered vehicles, according to an IRS news…
IRS Increases Deductible Costs for Mileage by 3 Cents per Mile in 2023
US News
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