07/21/2026
🚨IRS Announced Increase In Standard Mileage Rates For The Second Half Of 2026, prompted by higher fuel prices.
Beginning July 1, 2026, the optional standard mileage rates for the use of a car, van, pickup, or panel truck will be:
💰76 cents per mile driven for business use, up from 72.5 cents.
💰23.5 cents per mile driven for medical purposes, up from 20.5 cents.
💰23.5 cents per mile driven for moving purposes by eligible active-duty members of the Armed Forces and certain members of the intelligence community, up from 20.5 cents.
💰14 cents per mile driven for charitable miles (unchanged).
To take advantage, taxpayers should keep excellent records!