IRS raises standard mileage rates for remainder of 2026
July 17, 2026
Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.
The revised standard mileage rates, effective July 1, are: 76 cents per mile for business, an increase from 72.5 cents, and 23.5 cents per mile for medical and moving purposes, up from 20.5 cents per mile for each.
The mileage rate for charitable contribution deductions is fixed under Sec. 170(i) of the Internal Revenue Code at 14 cents per mile. All other provisions of Notice 2026-10 remain in effect. Read more.
