New Mileage Rates Announced by the IRS
Big news for 2026: Updated mileage rates are here! The way you record your travel could earn you extra cash in your pocket.
- The standard business mileage rate increases by 2.5 cents to 72.5 cents per mile.
- The medical and moving mileage rates go down 1/2 cent to 20.5 cents per mile.
- Charitable mileage rates remain unchanged at 14 cents per mile.
2026 New Mileage Rates
Here are the 2025 mileage rates for your reference.
Please note:
- These rates apply to gas, electric, hybrid-electric, and diesel-powered vehicles.
- You cannot claim mileage as an itemized deduction as an employee if you aren't reimbursed for travel expenses.
- Claiming a mileage deduction for moving expenses is not allowed unless you are an active member of the Armed Forces and are ordered to move to a new permanent duty station.
Remember to properly document your mileage to receive full credit for your miles driven.