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New IRS Standard Mileage Rates Effective July 1, 2026

New IRS Standard Mileage Rates Effective July 1, 2026

The Internal Revenue Services (IRS) has issued updates for its standard mileage rates that are used to calculate the deductible costs of operating vehicles for business, medical or moving purposes. 

This announcement modifies Notice 2026-10, with revised rates effective beginning July 1, 2026.

The revised standard mileage rates are:

  • 76 cents per mile for business use
  • 23.5 cents per mile for medical/moving purposes

The 14 cents per mile rate for charitable use remains unchanged.

Please contact your Brown Plus advisor if you have any questions regarding these mid-year updates to the 2026 standard mileage reimbursement rates.

Posted In: Tax | Insights

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