Calculate Mileage Rate 2023

2023 Mileage Rate Calculator
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2023 IRS Mileage Deduction Calculator
miles
IRS Rate: 65.5 cents per mile
miles
IRS Rate: 22 cents per mile
miles
IRS Rate: 14 cents per mile
$

2023 Deduction Breakdown

Business Deduction: $0.00
Medical/Moving Deduction: $0.00
Charitable Deduction: $0.00
Parking & Tolls: $0.00
Total Estimated Deduction: $0.00

Understanding the 2023 Standard Mileage Rates

The Internal Revenue Service (IRS) sets standard mileage rates annually to help taxpayers calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. For the 2023 tax year, these rates saw an increase compared to the start of 2022 due to rising fuel and maintenance costs.

Official IRS Mileage Rates for 2023

If you are filing taxes for the 2023 tax year (typically filed in early 2024), these are the specific rates you must use for your calculations:

Purpose Rate per Mile
Business 65.5 cents
Medical & Qualified Moving 22 cents
Charitable Organizations 14 cents

How to Calculate Your Deduction

To calculate your total deduction using the standard mileage rate method, you simply multiply the number of miles driven for a specific purpose by the applicable rate. Additionally, you can add the actual cost of parking fees and tolls directly to this amount.

For example, if you drove 1,000 miles for business in 2023:

  • 1,000 miles × $0.655 = $655.00 deduction.

Standard Mileage vs. Actual Expenses

Taxpayers generally have the option to choose between the Standard Mileage Rate (using the calculator above) and the Actual Expense Method.

  • Standard Mileage Rate: Simpler. Requires tracking miles, date, destination, and purpose. Covers gas, insurance, depreciation, and repairs.
  • Actual Expense Method: Requires tracking every single car-related receipt (gas, lease payments, insurance, repairs, tires) and calculating the percentage of business use vs. personal use.

Record Keeping Requirements

The IRS requires timely and accurate records. You cannot estimate your mileage at the end of the year. To survive an audit, you should maintain a mileage log containing:

  • The date of the trip.
  • The starting point and destination.
  • The business purpose of the trip.
  • Total miles driven.
  • Odometer readings (start and end of year).

Disclaimer: This calculator is for educational and estimation purposes only. Always consult with a qualified tax professional or CPA regarding your specific tax situation and eligibility for deductions.

function calculateMileage2023() { // 1. Get input values var busMilesInput = document.getElementById('businessMiles').value; var medMilesInput = document.getElementById('medicalMiles').value; var charMilesInput = document.getElementById('charityMiles').value; var tollsInput = document.getElementById('tollsParking').value; // 2. Parse values (handle empty inputs as 0) var businessMiles = parseFloat(busMilesInput); if (isNaN(businessMiles)) businessMiles = 0; var medicalMiles = parseFloat(medMilesInput); if (isNaN(medicalMiles)) medicalMiles = 0; var charityMiles = parseFloat(charMilesInput); if (isNaN(charityMiles)) charityMiles = 0; var tolls = parseFloat(tollsInput); if (isNaN(tolls)) tolls = 0; // 3. Define 2023 IRS Rates var rateBusiness = 0.655; // 65.5 cents var rateMedical = 0.22; // 22 cents var rateCharity = 0.14; // 14 cents // 4. Calculate Deductions var deductionBusiness = businessMiles * rateBusiness; var deductionMedical = medicalMiles * rateMedical; var deductionCharity = charityMiles * rateCharity; var totalDeduction = deductionBusiness + deductionMedical + deductionCharity + tolls; // 5. Format Currency Helper Function function formatCurrency(num) { return '$' + num.toFixed(2).replace(/\d(?=(\d{3})+\.)/g, '$&,'); } // 6. Update HTML Results document.getElementById('resBusiness').innerText = formatCurrency(deductionBusiness); document.getElementById('resMedical').innerText = formatCurrency(deductionMedical); document.getElementById('resCharity').innerText = formatCurrency(deductionCharity); document.getElementById('resTolls').innerText = formatCurrency(tolls); document.getElementById('resTotal').innerText = formatCurrency(totalDeduction); // 7. Show Result Box document.getElementById('resultDisplay').style.display = 'block'; }

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