The IRS mileage rate for 2023 has been announced with the updated business use rate of 65.5 cents per mile, up from 62.5 cents per mile from the 2022 mid-year increase.
Vehicle reimbursement, travel and fleet expenses are often the second largest expense. To manage this, many companies seek an accurate, reliable, and comprehensive plan that identifies the detailed costs specific to each driver for employee-owned vehicles.
