IRS mileage rate for business driving increases 2.5 cents to 72.5 cents per mile starting January 1, 2026, while medical and moving rates decrease to 20.5 cents per mile.
People who use their cars for work will be able to deduct more money per mile on their taxes in the new year.
The Internal Revenue Service (IRS) announced this week that the standard mileage rate for business driving will increase by 2.5 cents per mi… [1895 chars]
Source: Fox Business | Published: 2025-12-30T19:09:28Z
Credit: Fox Business
