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Journal of Accountancy · Recently
Business standard mileage rate increases for 2026
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Business standard mileage rate increases for 2026. General industry update.
Summary
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025.
Classification
Category: backgroundPriority: informationalReason: General tax news
Affected Groups
All tax practitioners
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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