IRS Increases Standard Mileage Rates for Second Half of 2026 Amid Higher Fuel Prices

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Taxation

14 July 2026 at 5:16 pm

IRS Increases Standard Mileage Rates for Second Half of 2026 Amid Higher Fuel Prices

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Summary

The IRS has announced an increase in standard mileage rates for business, medical, and qualified moving expenses, effective July 1, 2026, due to higher fuel prices.

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