07/17/2026
The IRS has announced updated standard mileage rates effective July 1, 2026.
For vehicle use related to business, medical/moving, or charitable purposes, the rates are as follows:
Business
* Jan. 1 – June 30, 2026: 72.5¢ per mile
* Effective July 1, 2026: 76¢ per mile
Medical/Moving*
* Jan. 1 – June 30, 2026: 20.5¢ per mile
* Effective July 1, 2026: 23.5¢ per mile
*Moving rate is for members of the Armed Forces
Charitable
* 14¢ per mile (unchanged)
Accurate mileage records remain essential for substantiating deductions and maintaining compliance.
If you need support tracking expenses , maximizing eligible deductions, bookkeeping or tax preparation services, Sigma Accounting & Financial Services, is here to help. Schedule link in bio for an introductory consultation.
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