The IRS has increased the business standard mileage rates for 2026 to 72.5 cents per mile, while the medical mileage rate will decrease by half a cent to 20.5 cents …
The IRS has increased the business standard mileage rates for 2026 to 72.5 cents per mile, while the medical mileage rate will decrease by half a cent to 20.5 cents per mile. The updated rates, which apply to electric, hybrid, gasoline, and diesel-po… [372 chars]
Source: Bloomberg Tax News | Published: 2026-01-07T19:04:11Z
Credit: Bloomberg Tax News
