Due to rising fuel prices, the IRS made a recent mid-year adjustment to the reimbursable standard mileage rate, effective July 1, 2026.
The new rate for business mileage is 76.0 cents per mile, up from 72.5 cents per mile.
- The old rate of 72.5¢ covers the period 01/01/26 to 06/30/26.
- The new rate of 76.0¢ covers the period 07/01/26 to 12/31/26.
The medical and military-related-moving rate has also been increased to 23.5 cents per mile, up from 20.5 cents. For detailed information, visit the Internal Revenue Bulletin.
