On December 29, 2025, the IRS announced a notable increase in the standard mileage rates for the year 2026. This announcement ...

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To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The IRS is raising the standard ...

WASHINGTON — The IRS is increasing the standard mileage rate for commuters driving on business, meaning some employees could see an increase in their reimbursement checks this year or a lower tax bill ...

The federal mileage rate for 2026 just hit a record: 72.5 cents per mile. The IRS announced the 2.5-cent jump on December 29, 2025, and it kicks in January 1. That rate matters whether you're a W-2 ...

WASHINGTON, D.C. — The Internal Revenue Service announced this week that it will adjust its optional standard mileage rates for 2026, increasing the deduction for business travel while lowering the ...