US EditionIRS Increases Standard Business Mileage Rate for 2026
The IRS raised the business mileage reimbursement rate by 2.5 cents to 72.5 cents per mile to reflect inflation and vehicle operating costs, effective Jan. 1.
- Setting the 2026 benchmark at 72.5 cents per mile, the IRS announced this week that it raised the standard mileage rate effective Jan. 1, with most drivers seeing it Friday.
- The IRS said the shift responds to rising inflation and vehicle costs, applying to gas, diesel, electric and hybrid vehicles even as gas prices trend downward and AAA reports about $2.83.
- The IRS also revised related mileage rates for medical, moving and charitable uses, cutting the medical and moving rates to 20.5 cents per mile and holding the charitable rate at 14 cents.
- For workers without per-mile pay, the standard rate can be applied at tax time, and employees could see higher reimbursements or lower taxes this year.
- Many employers who reimburse per mile, such as restaurants with delivery drivers, use the standard mileage rate , while people who use their car for work have other reimbursement choices; last year a gallon of gas cost about $3.06.
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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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