07/20/2026
NEW IRS Business Mileage Rate!
For the remainder of the year (Starting July 1, 2026) the IRS raised the standard mileage rate from 72.5 cents per mile to 76 cents per mile.
Medical Miles also increased from 20.5 cents per mile at the start of 2026 to 23.5 cents per mile starting July 1, 2026.
Make sure you split your business miles between January - June 2026 AND July - December 2026 when you give your Business Miles to your Tax Preparer! 🙂