The IRS has announced an increase to the Business Standard Mileage Rate for the second half of 2026. Beginning July 1, 2026, the rate increased from 72.5 cents to 76 cents per mile.
The mid-year adjustment reflects recent fuel price increases and may affect employer reimbursements, tax deductions, and business expense planning.
For the full breakdown of mileage rates and additional IRS guidance, please visit the IRS website.
