07/18/2026
π IRS Increases Standard Mileage Rates for the Remainder of 2026
The IRS has announced a midyear increase to the standard mileage rates, effective July 1, 2026, due to rising fuel costs. This is the first midyear adjustment since 2022.
Updated rates:
π Business: 76Β’ per mile (up from 72.5Β’)
π₯ Medical & Moving: 23.5Β’ per mile (up from 20.5Β’)
β€οΈ Charitable: 14Β’ per mile (unchanged)
If your business reimburses employees for mileage, now is a great time to review your reimbursement policy to ensure you're using the updated rates.
Questions? Our team is happy to help!