IRS Raises Standard Mileage Rates Mid-Year 2026

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Effective July 1, 2026, the IRS has increased the standard mileage rates for the remainder of the year due to inflation and rising fuel costs.  The new rates: 76 cents per mile for business use (up frpm 72.5 cents) and 23.5 cents per mile for medical and moving purposes (up from 20.5 cents).  The charitable mileage rate remains fixed at 14 cents per mile.  Note that the new rates apply to all deductible transportation expenses paid or incurred on or after July 1, 2026.