IRS Raises Standard Mileage Rates for Remainder of 2026

In response to rising oil prices, the IRS has announced that it will raise the standard mileage rate for the remainder of 2026. Announcement 2026-11 modifies Notice 2026-10, which announced the original standard mileage rates for 2026. It revises the optional standard mileage rate for using a car for business purposes, medical and moving expenses, effective as of July 1, 2026. The revised standard mileage rates are: 76 cents per mile driven for business (up from 72.5 cents) and 23.5 cents per mile for medical and moving purposes (up from 20.5 cents per mile for the first half of 2026). The charitable rate remains unchanged at 14 cents per mile. For more information on deducting business-related travel expenses, visit Tax Facts Online. Read More: Link to Q8745. Note: Q8745 and Q749 were updated.