IRS Increases Standard Mileage Rates

News & Updates

July 2026

The IRS has announced an increase to the optional standard mileage rates for business, medical, and certain moving expenses effective July 1, 2026, citing higher fuel costs. This marks the first mid-year mileage rate adjustment since 2022. The charitable mileage rate remains unchanged.

*Moving expenses are deductible only for qualified active-duty military members and certain eligible members of the intelligence community.

What This Means

If you:

Own a business
Receive mileage reimbursements from your employer
Claim deductible medical travel
Qualify for deductible moving expenses

Be sure to apply the new mileage rates to travel on or after July 1st. Mileage driven before July 1st should continue to use the original 2026 rates.

Need Assistance?

If you have questions about how these updated mileage rates may affect your tax situation or reimbursement policies, we're here to help.

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