09/25/2026
The Internal Revenue Service (IRS) issued Notice 2026-10 to provide the initial standard mileage rates for 2026. Due to subsequent increases in fuel prices, the IRS issued Announcement 2026-11 to adjust the optional rates for the second half of the calendar year, resulting in a split-rate structure for the 2026 tax year
For deductible transportation expenses paid or incurred in 2026, the rates are as follows: January 1 through June 30, 2026, the rates are:
· 72.5 cents per mile for business use
· 20.5 cents per mile for medical purposes
For deductible transportation expenses paid or incurred in 2026, the rates are as follows: on or after July 1, 2026, the rates increase to:
· 76 cents per mile for business use
· 23.5 cents per mile for medical purposes
Charitable Mileage Rate: Pursuant to Internal Revenue Code (IRC) § 170(i), this rate is fixed by statute at 14 cents per mile for the entire 2026 calendar year.
Taxpayers must maintain adequate records to support the deduction. Under Rev. Proc. 2019-46, this generally requires a log, diary, or similar written record maintained at or near the time of the expense. The records must show the amount of miles, the date of the use, the destination, and the business purpose of the trip.
If you have questions about how this applies to your situation, we encourage you to consult with your tax advisor.
