Increase to Mileage Reimbursement Rates for 2023

The IRS has released the standard mileage rate for business travel in 2023. The State of Colorado allows mileage reimbursement at 90% of the prevailing IRS rate for actual necessary travel while on official business. The increased reimbursement rates are detailed below.

Concur has been updated to reflect these increased rates on mileage incurred on or after January 1, 2023.

MILEAGE REIMBURSEMENT RATES IN CENTS PER MILE

 

 

 

Effective 1/1/2023

Effective 7/1/2022

Effective 1/1/2022

IRS Rate

65.5

    62.5

58.5

State of Colorado

 

 

 

2WD

59

     56

53

4WD*

62

     59

56

*terrain must dictate necessity

 

 

 

 

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