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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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