On December 29, 2025, the IRS announced a notable increase in the standard mileage rates for the year 2026. This announcement ...

70 cents per mile driven for business use (up 3 cents from 2024). 21 cents per mile driven for medical purposes (the same as in 2024). 21 cents per mile driven for moving purposes for qualified active ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped. The IRS has announced that the ...

The federal mileage deduction is supposed to be a simple proxy for what it really costs to put a car on the road for work.

The standard mileage rate for the business use of a car, truck, van or other vehicle will increase by 2.5 cents in 2026. The IRS announced Monday that beginning Jan. 1, the standard mileage rate for a ...

The Internal Revenue Service is lifting the standard mileage allowance for 2026 to 72.5 cents per mile, a small but meaningful bump that will ripple through expense reports, tax returns, and payroll ...

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

Many drivers do not claim the mileage deduction on their federal income tax returns. Companies that reimburse their employees for mileage driven for business often follow the IRS mileage rate. Most ...

The IRS has announced the 2026 mileage rates that may be used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Specifically, as of ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

The federal mileage rate for 2026 just hit a record: 72.5 cents per mile. The IRS announced the 2.5-cent jump on December 29, 2025, and it kicks in January 1. That rate matters whether you're a W-2 ...