07/21/2026
IRS News
Announcement 2026–11 (2026–29 I.R.B.) — July 13, 2026
The IRS issued a mid-year adjustment to the optional standard mileage rates, citing sharp increases in fuel prices since the original 2026 rates were set. For travel on or after July 1, 2026, the business rate rises to 76 cents per mile (up from 72.5 cents), and the medical/moving rate rises to 23.5 cents per mile (up from 20.5 cents). The charitable rate remains 14 cents per mile. This is the first mid-year mileage adjustment since 2022.
Taxpayers tracking business mileage need two rates for 2026 — 72.5 cents for January–June and 76 cents for July–December. Segregate dates now so mileage logs and reimbursement calculations split cleanly at the July 1 date.
