Midyear Increase to 2026 Standard Mileage Rate
The IRS has announced a midyear increase to the standard mileage allowance, which is effective on July 1, 2026. For business travel, it is 76 cents per mile for July 1, 2026, to December 31, 2026. This is up from 72.5 cents per mile, which applies for January 1, 2026, to June 30, 2026. For medical-related travel, it is $23.5 cents per mile, for July 1, 2026, to December 31, 2026. This is up...