07/14/2026
🚗 IRS Updates Standard Mileage Rates Effective July 1, 2026
The IRS has announced an increase to the optional standard mileage rates due to rising fuel costs. If you’re self-employed, own a business, or receive mileage reimbursements, these new rates could affect your tax deductions and reimbursements.
New Standard Mileage Rates (Effective July 1, 2026):
✅ Business: 76¢ per mile
🏥 Medical & Moving: 23.5¢ per mile
❤️ Charitable: 14¢ per mile (set by law and remains unchanged)
📅 Important: These new rates apply only to miles driven on or after July 1, 2026. Mileage incurred before that date must use the previous rates.
💡 Why it matters: Tracking your mileage accurately can maximize your deductions and help ensure your business reimbursements comply with IRS guidelines.
Need help determining which rate applies to your situation or making sure you’re maximizing your deductions? We’re here to help!
📞 TaxProLady
🌐 www.taxprolady.com
📱 931-221-9026
📖 Read the full IRS Announcement 2026-11:
https://www.irs.gov/irb/2026-29_irb?fbclid=IwdGRjcATDnDBwZG9mA2ZkaWQWUKhiFZzrh6_kWlNiimw1UXNJCAGz-mV4dG4DYWVtAjExAHNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR7kuc7-JV3LDbIPNRAN8j73PyIxZUxgoEA43lgAgp8eKLIK3Z3H67Rtsjxxjw_aem_RuWAagCfnPbiaUTA8bVksg
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