Feb 06, 2023
The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. In a statement issued on Dec. 29, the IRS said that beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) is:
members of the Armed Forces, consistent with the increased midyear rate set for the second half of 2022.These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles, according to the Agency.
Where the numbers come from
The IRS notes that the standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.
The IRS is reminding taxpayers that under the Tax Cuts and Jobs Act, they cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot 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. Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
Taxpayers should work with their tax advisors to make sure they are taking full advantage of the tax breaks, consistent with IRS regulations.
©2023
Aug 27, 2026
The pandemic reshaped how and where work gets done, disrupting the U.S. office market and accelerating the shift toward remote and hybrid models. While return-to-office efforts have focused on productivity, collaboration and culture, they have also been influenced by practical concerns such as long-term leases and underused office space. Read through to see how hybrid work continues to evolve.
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Your company has terminated an employee — and now you're bracing for what they might say about their former workplace online. Social media can turn a disgruntled former worker into a very public critic. Read through for an overview of ways to prevent disparagement through culture and policy, deter it with a nondisparagement clause and respond to it with legal help.
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Employers, including small businesses, that provide paid family and medical leave to their employees may be eligible for an employer tax credit. Read through to read about several new enhancements to this credit under the Working Families Tax Cuts.
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No matter what the size of the organization, all businesses face the threat of cybersecurity attacks. Small businesses in particular feel vulnerable to cyberattacks. Read through for a discussion about what small businesses are doing to secure their data.
Jul 30, 2026
Understanding the advantages and disadvantages of the business structure you choose when you start your company is essential. You want the structure to align with your business goals, and you want to understand how profits will be taxed and what personal assets may be at risk. Read through to explore these distinctions further.
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Businesses must have all employees fill out a Form I-9 to ensure they are eligible to work in the United States. A Social Security card can be part of the proof, but not in all instances. Read through to avoid making a serious mistake.
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