Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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IRS Increases 2026 Standard Mileage Rates
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 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 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).