IRS Mileage Rate 2026: What It Covers and How to Track It
In short: For 2026 the IRS standard mileage rate is 72.5 cents per mile for business miles driven from January 1 to June 30 and 76 cents per mile from July 1 to December 31. It covers gas, maintenance, repairs, insurance, registration and depreciation, while parking fees and tolls are deductible on top. Log each trip's date, miles driven and business purpose when it happens.
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