Rising Fuel Prices Prompt a Rare Mid-Year IRS Mileage Rate Hike
On July 13, 2026, the Internal Revenue Service (IRS) announced increased standard mileage rates, effective July 1, 2026. This rare mid-year update is a result of increased fuel prices.
The 2026 rates are listed below.
|
Jan. – Jun. 2026 |
Jul. – Dec. 2026 |
| Business Related Use |
$ 0.725 per mile |
$ 0.76 per mile |
| Medical or Moving Purposes |
$ 0.205 per mile |
$ 0.235 per mile |
| Charitable Services |
$ 0.14 per mile |
$ 0.14 per mile |
Employers relying on IRS standard mileage rates should ensure that the proper rates are used for the first and second half of this year.
Members may reach out to their dedicated HR Consultant with any questions.
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