The IRS has announced updated standard mileage rates effective July 1, 2026. If you use your personal vehicle for qualified business, medical, moving, or charitable purposes, these new rates affect the amount you may deduct or reimburse under IRS guidelines. Business owners should update their mileage reimbursement policies and accounting systems to reflect the revised rates.
|
Mileage Purpose |
Per mile rate through June 30, 2026 |
Per mile rate effective July 1, 2026 |
Change |
|
Business |
72.5¢ |
76¢ |
3.5¢ |
|
Medical & Moving |
20.5¢ |
23.5¢ |
3.5¢ |
|
Qualified Charitable Organizations |
14¢ |
14¢ |
No change |
The answer depends on your individual tax situation. If you’re already one of our clients, contact your tax advisor and we’ll help you determine which method provides the greatest tax benefit. If you’re not yet working with us, we’d be happy to discuss your situation and explain how we can help. Contact us here to schedule a consultation.
For additional details, read the official IRS announcement.
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Jul 16, 2026 