July 13, 2026
IRS Increases Optional Standard Mileage Rate for the Remainder of 2026
The IRS has announced an increase in the optional standard mileage rate for the remainder of 2026. Optional standard mileage rates are used by employees, self-employed individuals, and other taxpayers to compute the deductible costs of operating automobiles (including vans, pickups, and panel trucks) for business, medical, moving, and charitable purposes. The revised standard mileage rates are 76 cents per mile for business use and 23.5 cents per mile for medical and moving purposes. It remains at 14 cents per mile for charitable uses. These revised rates apply to deductible transportation expenses paid or incurred on or after July 1, 2026. Notice 2026-10, I.R.B. 2026-4, is modified.
