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IRS Raises 2026 Optional Mileage Rates as Gas Prices Climb

7/17/2026

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Summary

Story summary

The IRS raised the optional 2026 standard mileage rates effective July 1, 2026.
Business mileage increased to 76 cents per mile, up from 72.5 cents.
Medical and moving mileage rose to 23.5 cents per mile, up from 20.5 cents.
The IRS attributed the mid-year adjustment to recent gasoline price rises, which averaged $3.943 per gallon.
Charitable mileage stays fixed at 14 cents per mile under Section 170(i).

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Story summary

The IRS raised the optional 2026 standard mileage rates effective July 1, 2026.
Business mileage increased to 76 cents per mile, up from 72.5 cents.
Medical and moving mileage rose to 23.5 cents per mile, up from 20.5 cents.
The IRS attributed the mid-year adjustment to recent gasoline price rises, which averaged $3.943 per gallon.
Charitable mileage stays fixed at 14 cents per mile under Section 170(i).