this post was submitted on 06 Aug 2023
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Yep, the IRS estimates that it is $0.655/mi in wear and tear on one’s car via the 2023 Mileage Rate.
That depends a LOT on the car.
A small suzuki would be a hell of a lot cheaper than a BMW 7 series.. (not in the price tag, but.. running costs)
Sure, but that is the rate that the IRS has come up with as an estimate/reimbursement amount.
A mile of city traffic is tremendously different than a mile of rural driving.