Regulatory Updates
IRS Increases 2026 Standard Mileage Rates
Published July 14, 2026
The Internal Revenue Service (IRS) revised the 2026 standard mileage rates effective July 1, 2026, as part of Internal Revenue Bulletin 2026-29:
- 76 cents per mile driven for business, up from 72.5 cents.
- 23.5 cents per mile driven for medical purposes, up from 20.5 cents.
- 23.5 cents per mile driven for moving purposes for certain active-duty members of the Armed Forces and certain members of the intelligence community, up from 20.5 cents.
(updated July 14, 2026)
The Internal Revenue Service (IRS) has released Notice 2026-10 providing the 2026 standard mileage rates. Beginning January 1, 2026, the standard mileage rates for the use of a car (van, pickup or panel truck) will be:
- 72.5 cents per mile driven for business, up from 70 cents from 2025.
- 20.5 cents per mile driven for medical purposes, down from 21 cents in 2025.
- 20.5 cents per mile driven for moving purposes for certain active-duty members of the Armed Forces and certain members of the intelligence community, down from 21 cents in 2025.
- 14 cents per mile driven in service of charitable organizations, unchanged from 2025.
$61,700 is maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan.
For employer-provided vehicles, employers may use the fleet-average valuation rule or the vehicle cents-per-mile valuation rule. $61,700 is the maximum fair market value (FMV) of cars, trucks and vans first made available to employees for personal use (up from $61,200 in 2025).
(published December 30, 2025)