January 1, 2023
On December 29, 2022, the Internal Revenue Service issued the 2023 standard mileage rates.
Accordingly, the University’s mileage reimbursement rates for expenses incurred in connection with
the business use of a private automobile will increase in accordance with the Internal Revenue
Service standard mileage rates published in IRS Notice 2023-03. The following new rates are
effective for expenses incurred on or after January 1, 2023:
- The reimbursement rate for the use of a private automobile for University business travel will increase from 62.5 cents a mile to 65.5 cents a mile.
- The reimbursement rate for driving an automobile in connection with a move or relocationwill remain the same at 22 cents a mile. (Note that reimbursements for moving- related expenses, including mileage, are considered taxable wage income as of January 1, 2018).
