What are the differences in mileage rates for business travel?
An example of an AI chatbot conversation about comparing mileage rates for business travel.
What are the differences in mileage rates for business travel?
Mileage rates can vary based on the country, state, and even the type of vehicle. In the U.S., the IRS sets a standard rate annually.
What is the current IRS mileage rate for 2023?
For 2023, the IRS mileage rate is 65.5 cents per mile for business travel.
How does this compare to previous years?
In 2022, the rate was 58.5 cents per mile, so there's been a significant increase this year.
Are there different rates for medical or charitable purposes?
Yes, the rates for medical and charitable purposes are different. For 2023, the medical rate is 22 cents per mile.
Can I deduct mileage for personal travel?
No, personal travel mileage is not deductible. Only business, medical, and charitable mileage can be deducted.
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