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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

IRS Raises 2026 Mileage Deduction To 76 Cents Per Mile as Higher Gas Prices Drive First Midyear Adjustment in Four Years

IRS United States Gas Prices
Large,Transportation,Truck,On,A,Highway,Road,Through,The,Countryside

The IRS raised the optional business mileage rate to 76 cents per mile from 72.5 cents for eligible travel on or after July 1, giving self-employed workers and businesses a larger deduction as fuel costs remain elevated.

IRS Broadens Relief Beyond Business Drivers

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