IRS Increases Business Mileage Rate to 72.5 Cents Per Mile in 2026
Tuesday, 30 December 2025, 17:39
WASHINGTON (AP) — The standard mileage rate for business use of a car, truck, van, or other vehicle will increase by 2.5 cents in 2026. The IRS announced Monday that beginning January 1, the standard mileage rate for a qualifying vehicle will be 72.5 cents per mile, up 2.5 cents from 2025.
This adjustment serves to help businesses better manage their operational costs related to travel. As expenses rise, these periodic changes ensure reimbursement rates remain fair.
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