07/16/2026
📢 Business Mileage Update – Effective July 1, 2026
The IRS has updated the business standard mileage rate effective July 1, 2026.
If you’ll be claiming the standard mileage rate deduction for business use of your vehicle, please be sure to track your mileage as follows:
• If your vehicle is used exclusively for business:
• Business miles driven from January 1 – June 30, 2026
• Business miles driven from July 1 – December 31, 2026
• If you use your personal vehicle for both personal and business purposes:
• Total miles driven from January 1 – December 31, 2026
• Business miles driven from January 1 – June 30, 2026
• Business miles driven from July 1 – December 31, 2026
The standard business mileage rate increased from 72.5 cents per mile to 76 cents per mile effective July 1, 2026. Tracking your mileage this way will help ensure your deduction is calculated accurately at tax time.