IRS Announces 2026 Business Mileage Rate Increase
TL;DR Summary
The IRS announced that the standard mileage rate for business use of vehicles will increase to 72.5 cents per mile in 2026, reflecting updated costs and inflation, while rates for medical and moving purposes remain unchanged or slightly reduced.
- IRS increases 2026 business mileage rate by 2.5 cents Yahoo Finance
- IRS hands workers bigger tax break for business expenses in 2026 Fox Business
- IRS Increases 2026 Business Mileage Rate, Cuts Medical And Moving Rates Forbes
- Standard business mileage rate to go up Accounting Today
- IRS Publishes 2026 Standard Mileage Rates news.bloombergtax.com
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
1 min
vs 1 min read
Condensed
77%
171 → 39 words
Want the full story? Read the original article
Read on Yahoo Finance