The IRS has announced a midyear increase to the standard business mileage rate, raising it from 72.5 cents per mile to 76 cents per mile, effective July 1, 2026.
The IRS also increased the standard mileage rate for eligible medical and moving purposes from 20.5 cents to 23.5 cents per mile, effective July 1. The charitable mileage rate remains unchanged at 14 cents per mile.
These changes were made in response to recent increases in fuel prices.
For business travel that occurred between January 1 and June 30, 2026, the previous rate of 72.5 cents per mile still applies. The new 76-cent rate applies to qualifying business mileage beginning July 1.
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