For the 2023 tax year, the IRS set the standard mileage rate at 65.5 cents per mile for business use. This was an increase from the mid-year adjustment in 2022 to account for rising fuel and vehicle maintenance costs. For medical or moving purposes for qualified active-duty members of the Armed Forces, the rate was 22 cents per mile. The rate for service to charitable organizations remained fixed by statute at 14 cents per mile. These rates apply to the use of a car, van, pickup, or panel truck and cover both gasoline and electric/hybrid vehicles. To successfully claim this deduction on your 2023 return, you must maintain a contemporaneous log that includes the date, mileage, and the specific business purpose of each trip. Note that you cannot use the standard mileage rate if you have previously used certain depreciation methods on the vehicle, so it is important to choose the most beneficial method at the start of the vehicle's business life.