What are standard mileage rates for use of a car?

The standard mileage rates for the use of a car in the United States are set by the IRS and change annually. They are used to calculate the deductible business, medical, or moving expense. There are separate rates for business, medical, and moving expenses. You cannot use the standard mileage rate if you are claiming actual expenses.

For the 2023 tax year, the standard mileage rates are:

* Business use: 65.5 cents per mile

* Medical use: 22 cents per mile

* Moving expense: 22 cents per mile

It's crucial to check the IRS website for the most up-to-date rates each year, as they are subject to change. The rates for prior years can also be found on the IRS website. Don't rely on information found elsewhere that isn't directly from the IRS.