07/15/2026
📢 IRS Mileage Rate Update for 2026
Attention business owners, independent contractors, and self-employed individuals!
The IRS has announced a mid-year increase to the standard business mileage rate because of higher fuel costs.
2026 Business Mileage Rates:
✅ January 1 – June 30, 2026: 72.5¢ per mile
✅ July 1 – December 31, 2026: 76¢ per mile
This means you’ll need to separate your business mileage based on the date it was driven. Accurate mileage records are more important than ever this year.
At Gold Star Financial, we stay on top of IRS changes so our clients don’t have to. If you have questions about mileage deductions, bookkeeping, or your business taxes, we’re here to help.
📞 864-680-1780 or 864-497-2947
📧 Schedule your consultation today and let us help you maximize every deduction you’re entitled to.