10/07/2026
If you drive for business, there's a mid-year mileage change to know about for 2026!
The IRS has revised the standard mileage rate for business driving beginning July 1, 2026.
For business miles driven:
January 1 – June 30: 72.5¢ per mile
July 1 – December 31: 76¢ per mile
The IRS made the unusual mid-year adjustment due to recent increases in fuel prices.
What does this mean for business owners and self-employed individuals?
Keep your mileage records separated between the first and second halves of the year. When it's time to prepare your 2026 tax return, we'll need to know how many business miles were driven during each period so the correct rate can be applied.
The medical and qualifying moving mileage rate also increased from 20.5¢ to 23.5¢ per mile beginning July 1, while the charitable mileage rate remains unchanged at 14¢ per mile.
As always, the mileage deduction isn't just about knowing the rate. Keeping good records throughout the year is key.
If you're behind on your mileage log, now might be a good time to get it caught up before the end of the year!