The Standard Mileage Rate Just Jumped to 76 Cents
In nominal terms, this is the highest rate
The IRS rarely touches the mileage rate mid-year. It just did. Effective July 1, 2026, the business rate climbs to 76 cents per mile, up from the 72.5 cents that ran January through June. That’s the highest business rate the IRS has ever set — in nominal terms, anyway (more on that below). The change comes in Announcement 2026-11, amending Notice 2026-10.
The driver is fuel. The original rate was built in December with gas near $2.89 a gallon; by mid-July it was closer to $3.87. This is only the fifth mid-year adjustment since 2005, the last being 2022.
