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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.

Please note the information provided is for informational purposes only and may not reflect the most current regulatory developments. We strive to keep our materials up to date, but there may be occasions when information becomes outdated. Users are encouraged to verify the applicability of the content before relying on it for decision-making. If you have any questions or concerns regarding the accuracy or relevance of the information, please contact us directly for assistance.
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