IRS Mileage Rate for 2026 Increased

If you use your personal vehicle for business driving in 2026, you can deduct your actual costs or rely on an IRS-set mileage rate (certain conditions apply). For 2026, the rate is 72.5¢ per mile, which is 2.5¢ per mile more than in 2025. This rate can also be used by employers to reimburse employees for their business driving under an accountable plan. Note your odometer reading now and follow recordkeeping rules to back up a deduction for business driving. #IdeaoftheDay