IRS Announces New Business Mileage Rates for 2026 The IRS has officially released the standard mileage rates for 2026 — and business miles are now worth more than ever. • Business miles: 72.5 cents per mile (up 2.5 cents from 2025) • Medical miles: 20.5 cents per mile (slightly reduced) • Moving miles (for eligible active-duty military): 20.5 cents per mile • Charitable miles: 14 cents per mile (rate set by law) These rates apply to all vehicles — gasoline, diesel, hybrid, and fully electric. 📌
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2026 IRS Mileage Rate Update If you drive for business, your deductible rate just increased. The IRS standard mileage rate for business use is now 72.5 cents per mile for 2026. That means every properly documented business mile can reduce your taxable income when you use the standard mileage method. What this means for you • More potential deductions if you track business driving consistently • Cleaner bookkeeping when mileage logs are accurate • Better tax planning for business owners who use t
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