tldrdailynews.com logo

IRS Announces 2026 Business Mileage Rate Increase

1 min read
Source: Yahoo Finance
IRS Announces 2026 Business Mileage Rate Increase
Photo: Yahoo Finance
TL;DR

The IRS announced that the standard mileage rate for business use of vehicles will increase to 72.5 cents per mile in 2026, reflecting updated costs and inflation, while rates for medical and moving purposes remain unchanged or slightly reduced.

Topics:top-newsbusiness#2026#business#inflation-adjustment#irs#mileage-rate#vehicle-expenses
Share this article
  1. IRS increases 2026 business mileage rate by 2.5 cents  Yahoo Finance
  2. IRS hands workers bigger tax break for business expenses in 2026  Fox Business
  3. IRS Increases 2026 Business Mileage Rate, Cuts Medical And Moving Rates  Forbes
  4. Standard business mileage rate to go up  Accounting Today
  5. IRS Publishes 2026 Standard Mileage Rates  news.bloombergtax.com

Want the full story? Read the original reporting

Read on Yahoo Finance