07/15/2026
đźš— Tax Tip for My Business Owners & Self-Employed Friends!
The IRS has officially increased the standard mileage rate effective July 1, 2026 due to rising fuel costs.
That means 2026 now has two different mileage rates:
📍 January 1 – June 30: 72.5¢ per business mile
📍 July 1 – December 31: 76¢ per business mile
If you use your personal vehicle for business, make sure you’re keeping an accurate mileage log. When tax season comes around, using the correct rate for the correct time period could make a difference in your deduction.
As tax laws continue to change, I’ll continue sharing updates to help keep everyone informed. 💛