US EditionIRS Increases Standard Business Mileage Rate for 2026
The IRS raised the business mileage reimbursement rate to 72.5 cents per mile for 2026 to adjust for inflation, affecting most vehicle types used for work travel.
- On January 1, 2026 the Internal Revenue Service raised the standard mileage rate to 72.5 cents per mile, a 2.5 cent increase from 70 cents in 2025.
- IRS officials said the increase responds to rising inflation and applies to most vehicles, while AAA data show gasoline prices average about $2.83 now versus about $3.06 last year.
- The standard mileage rate is optional, and employees who don't receive per-mile reimbursement may apply it when filing taxes or calculate actual vehicle costs to claim money back.
- Some employees could see larger reimbursement checks as the IRS raised the business mileage rate, and most workers will first encounter the change on Friday.
- The IRS also updated related travel rates for medical, moving and charity; the medical and moving rate is 20.5 cents per mile, and the charitable rate remains 14 cents.
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abc10 Sacramento
The IRS just increased the standard mileage rate for employees. Here's how it could save you money
The IRS announced that the standard mileage rate for 2026 is going up. That means more money in the pockets of some drivers.
New inflationary adjustments increase the deduction for commercial use of vehicles, while rates for medical and moving purposes experience a slight reduction.The post The IRS increases the standard mileage rate for business in 2026 appeared first on Hispanicos Press.
Business Travel Gets a Boost Under IRS's 2026 Mileage Rates - Greater Phoenix In Business Magazine
The Internal Revenue Service announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and annual inflation adjustments. Optional standard mileage rates are used to calculate the deductible costs of operating vehicles for business, charitable, and medical purposes. Ad…
IRS Sets 2026 Business Standard Mileage Rate at 72.5 Cents Per Mile, Up 2.5 Cents
From Internal Revenue Service Photo courtesy of Alexander Grey on Unsplash The Internal Revenue Service announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and annual inflation adjustments. Optional standard mileage rates are used to calculate the deductible cos…
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