- July 27, 2026
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IRS Updates Standard Mileage Rates
The Internal Revenue Service has released updated standard mileage rates for business, medical, or moving purposes. The revised rates took effect on July 1, 2026 and remain in place for the remainder of the year.
2026 Standard Mileage Rates at a Glance
| Purpose | Jan 1 – Jun 30, 2026 | Jul 1 – Dec 31, 2026 | Change |
|---|---|---|---|
| Business | $0.725 per mile | $0.76 per mile | +$0.035 |
| Medical & Moving | $0.205 per mile | $0.235 per mile | +$0.030 |
| Charitable | $0.14 per mile | $0.14 per mile | No change |
Important Reminders
- Recordkeeping is essential – To claim mileage deductions, taxpayers must maintain a contemporaneous log of all trips, including date, destination, purpose, and miles driven.
