IRS raises 2026 business mileage reimbursement rate to 76 cents
The IRS has raised the US standard business mileage reimbursement rate to 76 cents per mile from 1 July 2026, citing higher fuel costs. The change affects reimbursement calculations for businesses and mobile employees.
IRS raises 2026 standard mileage rate to 72.5 cents
The IRS set the 2026 standard mileage rate at 72.5 cents per business mile; medical or moving is 20.5 and charitable 14 cents. Organisations may adopt alternative rates.
IRS Announces 2024 Standard Mileage Rates for Reimbursement
The IRS has set the 2024 standard mileage rate at 67 cents per business mile, reflecting a 1.5 cent increase from 2023 amid rising vehicle ownership costs.
IRS Updates 2023 Standard Mileage Rate to 65.5 Cents
The IRS has increased the 2023 standard mileage rate to 65.5 cents per mile, reflecting ongoing adjustments to vehicle operating costs amid rising inflation.
IRS Increases Standard Mileage Rate for 2022
The IRS has raised the standard mileage rate for business travel to 62.5 cents per mile, effective July 1, 2022, amidst rising fuel costs.
IRS Updates Standard Mileage Rate for Business Travel in 2022
The IRS has revised the standard mileage rate for business travel to 58.5 cents per mile in 2022, reflecting increased vehicle operating costs.
IRS Adjusts 2021 Standard Mileage Rates for Business Travel
The IRS updates the 2021 standard mileage rate to 56 cents per mile for business travel, reflecting changes in fuel prices and vehicle operation costs.
