The IRS is increasing its standard mileage rates midyear, citing recent increases in fuel prices. The revised rates apply to eligible transportation expenses paid or incurred on or after July 1, 2026.
Source: Forbes, July 13, 2026. Link. Beginning July 1, 2026, the optional standard mileage rates for the use of a car, van, pickup, or panel truck will be:
- 76 cents per mile driven for business use, up from 72.5 cents.
- 5 cents per mile driven for medical purposes, up from 20.5 cents.
- 5 cents per mile driven for moving purposes by eligible active-duty members of the Armed Forces and certain members of the intelligence community, up from 20.5 cents.
- 14 cents per mile driven for charitable miles (unchanged).
Leave a Reply