08/07/2026
Using your vehicle for business this year?? There is GOOD NEWS and some not-so-great news.
If so, there is an additional requirement for tracking your miles!
GOOD NEWS: The IRS increased the business mileage rate effective July 1st, 2026. So, business miles driven 7/1/26 - 12/31/26 will be 76.0 cents/mile; versus 72.5 cents/mile for business miles driven 1/1/26 - 6/30/26.
WHAT'S THAT MEAN? It means you need to separate your miles effective July 1st this year. Instead of saying, "I drove "X" business miles in 2026," you'll need to provide the breakdown from mid-year.
Contact us if you have any questions or would like to discuss this further! Happy Friday, and GO ASTROS!